Cost & Coverage
We make it easy to compare and buy insurance.LEARN MORE
Flood insurance protects the structure of your mobile home and the personal property inside from flood damage.
Since mobile home insurance won’t cover damage caused by flooding, you’ll need a separate flood insurance policy to protect your home
If your mobile home is in a high-risk flood zone and is mortgaged with a federally regulated lender, you’ll be required to get flood insurance
Flood insurance is available through the National Flood Insurance Program and the private flood insurance market
If you live in a mobile home, you’ll need mobile or manufactured home insurance to protect the structure and personal belongings inside in the event they’re damaged by a covered peril or burglarized. But water damage is only covered if the cause of the loss was sudden, internal, and accidental (like a burst pipe), and damage from natural flooding is never covered by mobile home insurance. To protect your mobile home from flood damage, you’ll need a separate flood insurance policy.
In this article:
That really depends on what your mortgage situation is. If you’ve completely paid off the loan on your mobile or manufactured home, flood insurance is not required. But if your mobile home is located in a high-risk flood zone or Special Flood Hazard Area (SFHA) and you have a mortgage through a federally regulated lender, flood insurance is typically required.
However, even if you’ve already paid off the home or you live in a moderate- to low-risk area, you should still get flood insurance. According to FEMA, around 25% of flood insurance claims are for homes in lower-risk areas. Flood damage is also expensive — just one inch of water can cause as much as $20,000 in damages.
Furthermore, flood insurance in moderate- to low-risk areas is available for as little as $250 a year.
As of 2018, the average cost of an NFIP flood insurance policy hovered around $700. For all home styles (not simply mobile homes), flood insurance rates are calculated based on what flood zone the insured property is located in, the age and build of the home, and how much it is insured for.
If you live in a moderate- to low-risk flood zone, you might be eligible for a low-cost Preferred Risk Policy through the NFIP. Preferred risk policies are significantly cheaper than high-risk flood zone policies.
The easy way to buy affordable homeowners insurance
Let our experts guide you toward the best homeowners insurance plan for you, your family, and your home.
There are two types of flood insurance you can acquire to protect your mobile home from a flood disaster: National Flood Insurance Program (NFIP) coverage and private flood insurance. The coverages and pricing for the two will vary depending on where you live and the type of unit you’re insuring.
But regardless of what policy you choose, you’ll want to focus on these three coverage areas:
Building coverage that protects the structure of your mobile home. In the NFIP plan, you can have up to $250,000 in buildings protection. Private flood insurance typically offers higher building coverage limits, but if you’re just insuring an 800 square-foot mobile home you might not need it insured for any more than the NFIP maximum anyway.
Contents coverage that protects your personal possessions inside the mobile home. The NFIP plan allows you up to $100,000 in contents coverage. But higher coverage limits and replacement cost contents coverage are typically available with private flood insurance. That means if your 5-year-old sofa or TV are destroyed, you’re reimbursed the amount that it costs to replace it today. The NFIP plan will only reimburse you for the actual cash value or depreciated amount.
Loss-of-use coverage that pays for relocation and additional living expenses if a flood damages or destroys your mobile home and you’re forced to live somewhere else temporarily. This coverage is only available through private flood insurance.
Before you can get flood insurance for your mobile home or tractor trailer, the home must meet the following criteria, according to the NFIP:
Was this article helpful?
Security you can trust
Yes, we have to include some legalese down here. Read it larger on our legal page. Policygenius Inc. (“Policygenius”) is a licensed independent insurance broker. Policygenius does not underwrite any insurance policy described on this website. The information provided on this site has been developed by Policygenius for general informational and educational purposes. We do our best efforts to ensure that this information is up-to-date and accurate. Any insurance policy premium quotes or ranges displayed are non-binding. The final insurance policy premium for any policy is determined by the underwriting insurance company following application. Savings are estimated by comparing the highest and lowest price for a shopper in a given health class. For example: for a 30-year old non-smoker male in South Carolina with excellent health and a preferred plus health class, comparing quotes for a $500,000, 20-year term life policy, the price difference between the lowest and highest quotes is 60%. For that same shopper in New York, the price difference is 40%. Rates are subject to change and are valid as of 2/17/17.
Copyright Policygenius © 2014-2020