Manufactured Home Insurance
Mobile Home Insurance: An Overview
There is no question that you have to have homeowners insurance if you own your own home, but did you know that you need it even if you live in a mobile or manufactured home, just as you do if you live in a more conventional dwelling? It's true! It's also true that there are special insurance policies for manufactured and mobile homes (which are technically the same thing, and the designation merely refers to such a home that was built after June 15, 1976).
Why Buy Mobile Home Insurance?
You probably worked hard to save the money to buy your home, and the things within it, but even in the safest parts of the country, there can still be unexpected events - fires, storms, and the like - that can cause major damage, which can lead to financial setbacks. This is why you should buy a mobile home insurance policy.
What Does my Mobile Home Insurance Cover?
The specifics of each mobile home insurance policy differ from company to company, but the typical coverage generally includes:
What about Floods?
While mobile home policies are fairly comprehensive, one thing they do not cover is damage from flooding. (This isn't a slight against mobile homes - flood insurance is not part of the package on standard-construction houses, either.) If you live in a place where flooding is likely, you should buy flood insurance, and you can usually do so from the NFIP (National Flood Insurance Program). Only a specific, separate flood insurance policy will protect your home and belongings from flood damage.
Are there Any Discounts?
Since most standard insurance companies do not cover manufactured homes of any kind, chances are that you won't find a home/auto discount that applies to your mobile home policy. However, that doesn't mean no discounts are available. Many companies discount your premium if:
Homeowner's insurance is just as important for mobile homeowners as it is for those who live in permanently fixed homes. Don't live without it.