More on Home Insurance
More on Home Insurance
Mobile home insurance protects your personal property and the structure of your mobile home. It can pay for additional living expenses if your home becomes uninhabitable and also covers you if you’re found liable for damage or injury.
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Homeowners insurance is protection for your home and your belongings in the event of disaster or malicious activity. Mobile home insurance, also called manufactured home insurance, is similar to homeowners insurance but is written specifically for people who own a mobile or factory-manufactured home or trailer.
Mobile home insurance protects your personal property as well as the structure of your mobile home. Your policy may also cover you in the event that your home becomes uninhabitable due to a covered loss and you’re required to spend money to live somewhere else. Mobile home insurance also reimburses you if someone gets injured in your home and you’re liable for the injury or their related medical bills.
Mobile home insurance is similar to homeowners insurance, but it is designed for people who own manufactured or mobile homes or trailers
Mobile home insurance covers the structure of your mobile home, personal property, and liability in the event you’re responsible for damage or injury to someone else
If your mobile home isn’t your primary residence, you can get secondary mobile home insurance coverage to cover it
It may be difficult to insure an old or vintage mobile home as they are seen as higher risk, especially if they are not up to building code regulations
Mobile home insurance is financial protection for your mobile or manufactured home. Your mobile home insurance typically only covers your home while it is not in motion. Your mobile home or manufactured home insurance is composed of different types of coverages that offer different types of protection. Each one will have a coverage limit, meaning that if you file a claim, the insurance company only has to pay up to the limit. If the damage exceeds your coverage limits, you’ll have to pay the remainder out of pocket yourself. Coverage limits vary from company to company as well as coverage to coverage, and you may be able to increase them.
The following coverage types are included in a mobile and manufactured home insurance policy:
|Coverage||What does it cover?|
|Dwelling or structure coverage||Protects the actual structure of your manufactured or mobile home. That means the walls, the base, the roof, or the windows.|
|Mobile home extensions or other structures coverage||Protects the additional structures and buildings associated with your unit, like a shed, a porch, or a garage.|
|Personal property coverage||Protects your personal property from damage or burglary both on and off your property.|
|Liability protection||Pays for legal or medical expenses if you are found liable for damage or injury.|
|Medical payments to others||Coverage for medical expenses incurred by a guest while in your home.|
|Loss of use coverage||Pays additional expenses you incur while relocating or staying elsewhere if your mobile home becomes temporarily uninhabitable.|
Mobile home insurance has additional coverages that offer small amounts of reimbursement for expenses you might not otherwise associate with your daily living.
Some of those additional coverages include:
Your mobile home insurance covers different threats and risks in the event they damage your property. These risks, which are called either named perils or covered perils in your policy, include malicious damage like vandalism or theft and elemental damage like fire or wind.
Typical covered perils include:
Damage from natural disasters like floods or earthquakes are excluded from mobile home insurance policies. You may be able to add an endorsement to your policy for these hazards or purchase standalone earthquake or flood insurance policies.
One of the major ways that mobile home insurance differs from homeowners insurance is that you’re not necessarily presumed to be living there full time. You can purchase coverage that reflects the way you use your mobile or manufactured home; policies are typically one of three residence categories.
Primary residence:If you or someone in your family lives in your home for more than a minimum amount of time specified by the policy, you need primary residence coverage.
Secondary or seasonal residence: If you only use your home occasionally, such as for vacations or recreation, your mobile home insurance policy will be for secondary or seasonal coverage.
Rental residence: If you rent your manufactured home to somebody else, you’ll get rental residence coverage. Note that most rental residence mobile home insurance policies stipulate that the tenant must not be an immediate family member, and that the tenant will likely not have coverage through your policy and should get their own renters insurance policy to protect their belongings.
Mobile home insurance is different from homeowners insurance in that the latter is meant to cover homes constructed on site. But mobile and manufactured home insurance covers many types of homes, including but not limited to:
The size and age of your manufactured home may affect your insurance premiums.
It can be difficult to insure older mobile homes as they may no longer pass inspection, and they may have unregulated building standards. That said, if you make certain updates to your vintage mobile home, insurers may be more inclined to insure you as it makes your home less high-risk. If you can’t find mobile home insurance for your manufactured home, try looking into specialty carriers or consider making alterations to it.
When you file a property loss claim with your mobile home insurance company, you’ll have to pay your deductible before you receive any reimbursement. Your deductible is the amount you have to pay your insurer before they kick-in the rest. For example, if your deductible is $500 and you file a claim for $5,000 loss, you’d pay your insurer $500 and they’d cover the remaining $4,500.
The amount your insurance company is obligated to pay you in the event of a covered loss depends on what type of policy you have: agreed loss payment or replacement cost payment.
Insurance companies offer discounts on your premiums if you take safety precautions, like installing a security or anti-theft device in your mobile home. Your insurance company may also offer discounts for the following:
Zack Sigel is a SEO managing editor at Policygenius. He covers personal finance, comprising mortgages, investing, deposit accounts, and more. His previous work included writing about film and music.
Kara McGinley is an insurance editor at Policygenius, specializing in home, auto and renters insurance. She previously worked as a freelance writer and copywriter, and has been writing about insurance since 2019. Kara is an expert at making complicated topics like property insurance simple to understand. Her work can be found in Teen Vogue, The Culture Crush, and more.
Kara has a B.A. in English from East Carolina University.
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