Replacement Cost Coverage for Mobile and Manufactured Homes

provide property insurance for mobile and manufactured homes built in the last fifteen years will be required to offer replacement cost coverage on their policies effective January 1, 2013. The offer must be made on all new business, and first renewal of exisiting policies, and must include reasonable costs for transporting and installing the home as well as debris removal. The offer of replacement-value coverage must be made on a form approved by the Commissioner. This enactment was signed 9/21/2011 by Amy L Parks, Acting Commissioner of Insurance.