Mobile Home
Insurance
Mobile home insurance coverage from top insurers.
Mobile Home Insurance Quotes
Similar to Homeowners’ insurance, Mobile Home Insurance is designed specifically for those who own mobile/manufactured homes. The Manufactured Housing Institute (MHI) defines a mobile/manufactured home as, “A single family house constructed entirely in a controlled factory environment, built to Federal Manufactured Home Construction Safety Standards.”
The typical policy covers physical damage from most perils, theft/vandalism, and liability for injuries to other persons and their property.
What Mobile Home Insurance Is Not
Mobile Home insurance is not the same as Motor Home/Recreational Vehicle or Travel Trailer insurance.
Mobile Home insurance is geared for the owners of the home. Those who rent a mobile home can purchase Renter’s Insurance to cover their personal belongings.
Who Needs Mobile Home Insurance?
All those who own mobile homes qualify for Mobile Home Insurance, even if they don’t live in the mobile home year-round. Some banks and lending institutions may require Mobile Home Insurance before extending a mortgage to a mobile home buyer.
Things To Think About
Mobile Home Insurance typically costs more than Homeowner’s Insurance for the same amount of coverage. That’s because mobile homes are at a higher risk for damage from fire, wind, and frozen pipes, and are often located in higher-crime areas. There are many things you may be able to do to keep the costs down, like insulating and winterizing, securing the home to the ground with approved tie-downs and ground anchors, and installing security devices.
The cost of Mobile Home Insurance will also depend on the age and type of mobile home you own. Double-wide and multiple-segment homes usually cost less to insure. AARP members may qualify for discounted rates.
Do you need coverage for a mobile home in transit, for loss of use, or for emergency removal? Some policies provide these options.
Find out if the coverage a policy provides is comprehensive or for named perils only. Comprehensive coverage typically costs more.
Frequently Asked Questions (FAQs)
Get clear answers to common insurance questions and important details to guide your coverage decisions.
What is mobile home insurance and is it required?
Mobile home insurance, also known as manufactured home insurance, is a specialized type of homeowners insurance designed to cover mobile or manufactured homes. These homes are built in factories and transported to their installation sites, necessitating specific insurance coverage due to their unique risks compared to traditional homes. While not legally required, mobile home insurance is typically required by mortgage lenders. It is crucial for protecting your financial investment and covering potential losses from damages or liability claims.
What does mobile home insurance cover?
Mobile home insurance typically includes dwelling coverage, other structures like sheds or detached garages, personal property, liability coverage and loss of use.
How much does mobile home insurance cost?
The cost of mobile home insurance varies based on factors such as the age, size, and location of the home, as well as the coverage limits and deductibles chosen. On average, premiums range from $700 to $1,500 per year, which can be higher than standard homeowners insurance due to the increased risks associated with mobile homes.
How can I save money on mobile home insurance?
Increase your deductible, bundle policies, install security systems and maintain a good credit score.
What is the difference between mobile home insurance and modular home insurance?
Modular homes are built in sections and assembled on-site on a permanent foundation, similar to traditional homes, and are generally insured under standard homeowners insurance. Mobile homes, built entirely in a factory and transported to their site, require specialized insurance due to their construction and mobility.
