Understanding Mobile Homes


Mobile Home Ownership: What Kind of Insurance do I Need?

Sep 25 2015


Mobile home ownership is one of the most cost-effective, fast, and flexible housing options for millions of people around the world. While mobile homes can vary in size, features, and in several other aspects, they all have one thing in common: mobile home ownership requires mobile home insurance. Continue reading to learn more about the type of insurance you will need.

What Type of Insurance Do I Need for Mobile Home Ownership?

In general, there are two different types of mobile home insurance:

Manufactured or Mobile Home Insurance

Manufactured or mobile homes are created entirely in a factory. These homes are also attached on a permanent steel chassis. After the homes are manufactured, they are then towed to the site. Homes classified as manufactured or mobile are not attached to a permanent foundation.

Modular Home Insurance

Insurance for these types of homes are designed for pre-fabricated homes that are moved and constructed at the site in pieces. Modular homes are typically assembled to a permanent foundation.

What Type of Insurance Do I need for a Mobile Home?

If you have a manufactured or mobile home, you will need a special mobile home/manufactured home insurance policy. On the other hand, if you have a modular home, you can get a standard homeowner's policy. If you do not know whether your home is classified as a mobile home or modular home, contact an insurance agent or check your home's information tag.

What Does Mobile Home Insurance Cover?

Manufactured/mobile home insurance protects you in the event your personal possessions or home is destroyed or damaged by:

  • Vandalism

  • Burglary

  • Fire

  • Wind, Tornadoes, Snow, Rain, etc.

This type of insurance also protects the owner if someone is injured on the property through liability coverage. In any case, the typical manufactured or mobile home insurance policy will include coverage for:

  • Personal possession protection that covers you from the loss or damage of your personal belongings.

  • Structure protection that pays to fix or replace any damages cased to the structure of your mobile home.

  • Liability protection that covers the medical expenses for people that are injured in your home.

  • Expenses incurred from temporary housing in the event the mobile home is unlivable and must be repaired or replaced.

In the end, mobile home ownership is the premier choice for a growing number of consumers because of the efficiency and cost-effective nature of these structures. While mobile homes vary in size and several other aspects, one thing is consistent: you must have mobile/manufactured home insurance. To learn more about planning for mobile home ownership, contact Prairie Mobile Homes.