Are Mobile Homes Covered By Homeowners Insurance?

Insurance for mobile homes, also known as manufactured home insurance, is similar to standard homeowners insurance. Their policies are identical in that it provides financial protection in the event of a claim. Mortgage lenders and mobile home communities may require homeowners to acquire insurance, even if the law mandates it.

While the specifics of your mobile home insurance policy will vary based on the policy that you purchase, you can expect it to cover your house and personal property as well as liability. Comparing many quotes is typically the best method to get affordable mobile home insurance policies from the best mobile home insurance companies.

Mobile home insurance quotes can be challenging to find

Many well-known insurance providers don't provide internet rates for mobile home insurance. Insurance firms such as State Farm and Allstate need customers to speak to a person to acquire mobile home insurance coverage estimates.

A few components go into the cost of mobile home insurance. However, comparing rates is the most effective method of locating low-cost mobile home insurance. Consider contacting a local independent insurance agent if you have problems finding mobile home insurance quotes online.

What does a policy for a mobile home include?

Mobile home insurance is very similar to a typical homeowners policy in many ways. The policyholder's home and valuables are covered, as well as the policyholder's liabilities.

Mobile homeowners can tailor their coverage to their specific needs by adding endorsements to a typical policy. A homeowner's insurance policy does not include coverage for things like debris cleanup or water damage caused by sewers, but endorsements do.

Fire may do a lot of damage to prefabricated houses. Verify if your policy covers this risk. Policyholders can set their restrictions. Mobile home insurance policies often provide the following types of protection.

A covered risk may cause damage to your home's physical structure, which can be repaired or rebuilt using this coverage. When a fire damages your mobile home, it would be covered under dwelling coverage. Your roof and a deck attached to your mobile home are also covered by dwelling coverage.

If your personal belongings are damaged or taken, your mobile home insurance will cover the cost of replacing them. Your laptop would be covered, for example, if it was stolen by a burglar who broke into your mobile home. Understand that you'll have to pay a deductible if you file a claim.

You are covered by liability insurance if someone is injured while on your premises. As an example, if a falling tree branch hits your neighbor, you could be held accountable for their injuries. Insurance companies will cover legal fees and damages if you're judged to be responsible for an accident with this type of coverage. You will only be protected financially by your insurance company up to the amount of your coverage.

For example, a garage or tool shed may be covered by your mobile home insurance policy even if they aren't related to your home in any way.

You'll be reimbursed for additional living expenses if a covered loss prevents you from returning to your home and residing there. As an example, your insurance company would cover the cost of a hotel if your mobile home were to catch on fire, up to your policy maximum.

Insurance coverage for mobile homes over a certain age

Getting insurance for older mobile homes can be difficult and expensive due to the lack of regulation in the construction of mobile homes before 1976. HUD developed manufactured Home Construction and Safety Standards (MHCSS) in 1976. The term prefabricated home refers to homes produced after June 15, 1976, while the term mobile home refers to homes built prior to that date.

Even so, people with older mobile homes who are interested in getting insurance should speak with an independent agent. Obtaining internet rates for mobile homes is challenging, but it becomes more complicated for older mobile homes. You may be able to receive a mobile home insurance quotation from an independent agency in your region—a regional insurance firm, rather than a national one, maybe your only option for purchasing coverage.

The top mobile home insurance providers

Some of the best-rated mobile home insurance companies are distinguished by the wide range of coverage they provide for their customers. Companies that offer the finest mobile home insurance policies include:

Insuring a mobile home has never been easier with Assurant, which offers a one-stop shop for policyholders. Assurant's mobile home insurance products cover floods and earthquakes, which aren't typically included in other policies.

Unlike other mobile home insurance providers, Assurant includes these features as part of the basic policy, making it both uncommon and beneficial.

Foremost Mobile Home Insurance has provided coverage for mobile homes for more than 65 years. As a result, the company is considered one of the best mobile home insurance providers. Policyholders can purchase a basic policy for their mobile home, but they also have the option of adding a plethora of endorsements.

Optional replacement cost is a strong argument in its favor. Up to 20% of the home's insurance coverage can replace damaged items with new ones, with no deduction for depreciation. Mobile home insurance policies don't typically offer this feature, despite being common in normal homeowners' policies.