Table of contents
Learn about homeowners insurance for your mobile home and what it covers. Information about what it is, how it works, best companies and more.
Updated January 31, 20223 min read
Table of contents
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 to protect your belongings in the event of disaster or malicious activity.
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.
Mobile home or manufactured home insurance is composed of different types of coverages that offer different types of protection, which we’ll get into below.
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The following coverage types are typically 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.|
|Personal 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.|
|Additional living expenses||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:
Credit cards, identity theft, forgery: Pays for reimbursement for any costs incurred by the fraudulent use of your credit card, forged checks cashed in your name, and expenses related to identity theft.
Trees, shrubs, lawns: Protection for your landscaping.
Debris removal: If debris damages your home due to a covered peril, you may be able to get the cost to repair the damage reimbursed.
Food spoilage: If a loss of power causes your food to spoil, you may be able to get the cost of the food reimbursed.
Emergency protection and repair: May include protection for your mobile home when it is damaged in a collision with being transported or otherwise in motion.
Your mobile home insurance covers different risks in the event they damage your property. Your policy will either be a named peril policy or an open peril policy. Named peril only covers risks outlined in your policy, whereas open peril covers everything except those listed as exclusions in your policy.
Typical named perils may include:
Fire and lightning
Windstorms and hail
Riots and commotions
Typical open peril policy exclusions may include:
Wet rot or mold
Damage from neglect
You may be able to add an endorsement to your policy for certain hazards, like earthquakes or floods.
The cost of mobile home insurance can vary anywhere from a few hundred dollars a year to a thousand or a couple thousand dollars. The cost of your mobile home insurance will depend on a variety of factors, including:
Age of mobile home
Size of mobile home
Your claims history
Location of your mobile home
Safety features, like smoke detectors
Below are four insurers that offer or specialize in mobile home insurance. Keep in mind that policies may not be available in all 50 states and coverages can vary from company to company.
Foremost offers comprehensive mobile home policies, and includes some additional perils that other insurers may not automatically offer, like coverage for collapse caused by the weight of ice and snow. Foremost also offers optional replacement cost coverage upgrade for your belongings.
Assurant partners with companies like Geico and Liberty mutual to offer mobile and manufactured home insurance policies. Assurant offers online quoting tools and robust coverage options.
3. State Farm
State Farm offers all the standard mobile home insurance coverages, as well as fair rental value in the event that you rent out your mobile home. State Farm offers optional coverages like identity theft restoration and earthquake coverage.
Allstate offers standard coverage, as well as lots of discounts to make your mobile home insurance more affordable. Some discounts include a protective device discount for installing security measures like a home security system and a multi policy discount if you bundle home and auto insurance policies.
The type of mobile home that is eligible for coverage will depend on the insurance company. You may be able to get a mobile home insurance policy for the following:
Double-wide manufactured and double-wide mobile homes
Park model homes and some RVs
Trailers, travel trailers, fifth-wheel trailers
Single-wide manufactured and single-wide mobile homes
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.
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: actual cash value payment or replacement cost payment.
Actual cash value/Agreed loss payment: Reimbursement factors in depreciation. Agreed-loss policies are more affordable, but may not offer as much coverage if you’ve been living in your manufactured home for a long time.
Replacement cost: Replaces your property at the value of the property without accounting for depreciation, meaning what it costs to buy new. This is much more robust coverage, but it may be less affordable.
You have to pay a deductible when you file a property loss claim
The deductible is how much you have to pay your insurer before your coverage will kick in. 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.
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:
Multiple-policy discounts: Also called bundling, if you purchase multiple policies from the same insurer, you may get a discount on some of them.
Senior discount: Some insurers may offer a discount to customers above a certain age, even those as young as 50.
Original owner discount: Some insurers offer a discount if you are the original titleholder of your mobile or manufactured home.
Homeowners insurance costs vary. Mobile homes can be higher risk to insure because they may be more susceptible to fire damage, but it really depends on the type of mobile home, square footage, location, and more.
Most major insurance companies offer mobile or manufactured homeowners insurance policies. That said, not every carrier offers mobile home insurance in every state. The agents at Policygenius can help you compare multiple mobile home insurers to find the best one for you and your mobile home.
The cost of mobile home insurance typically varies from a few hundred dollars a year to a couple thousand. Insurers look at lots of different factors when calculating rates — like your home’s age, build materials, square footage, location, as well as your claims history and credit score.