Mobile home insurance cover mobile homes, manufactured homes, and modular homes. It provides protection for your home and its contents. The coverage is similar to traditional homeowners insurance, but with some differences due to the unique nature of mobile homes. Here’s a breakdown of what it typically covers:
Dwelling Coverage
Dwelling Coverage protects the structure of the mobile home itself. Some of perils included are fire, storms, theft, vandalism, or falling objects. It may cover the mobile home as well as any attached structures, like a porch or deck.
Personal Property Coverage
This covers the belongings inside the mobile home for example furniture, appliances, clothing, and electronics.
Liability Coverage
Liability coverage protects you from financial loss. The coverage is for events like someone becoming injured on your property or if you damage their property.
Additional Living Expenses (ALE)
If your mobile home becomes uninhabitable due to a covered loss (like a fire), ALE helps cover the cost of temporary living arrangements, such as renting a hotel room or apartment.
Medical Payments
Covers medical costs for guests injured on your property.
Flood Insurance: Mobile homes, especially those located in flood-prone areas, often require separate flood insurance, as typical mobile home policies usually don’t cover flood damage.
Windstorm or Earthquake Coverage: In some areas, you might need to add extra coverage for specific natural disasters like tornadoes or earthquakes.
Key Differences from Homeowners Insurance:
- Structure: Mobile homes are usually less durable than traditional homes and insurance policies are adjusted accordingly. The premiums may be lower, but the coverage limits and requirements can vary depending on the home’s age, location, and condition.
- Type of Policy: Depending on the home’s classification (e.g., mobile, manufactured, or modular), the policy may differ in terms of what it covers and how it is priced.
Mobile home insurance is essential if you own or live in a mobile home, as it helps safeguard against the financial impact of unforeseen events. Always check with insurers to ensure you have the appropriate coverage for your specific needs.