Mobile Home Insurance
We sell the top 5 Builders Risk policies that write 95% of all Builders Risk Insurance in America
Call Us Now! and Get your Builders Risk Insurance Today!
Mobile Home Insurance
Mobile homes offer a budget-friendly and adaptable housing choice for many people, but like other properties, they face risks such as fire, theft, and weather damage. To safeguard your investment, Mobile Home Insurance plays a crucial role.
What Is Mobile Home Insurance?
Mobile Home Insurance is a special policy that focuses on protecting mobile and manufactured homes from risks like damage, theft, and liability. This insurance works like homeowners insurance but is made for the specific needs of mobile homes.
Types of Mobile Homes
Modular Home:
- A modular home gets built in sections at a different location and then moved to its final spot where workers put it together. These homes have to meet the same building rules as regular houses and sit on a permanent base.
Manufactured Home:
- A manufactured home is made completely in a factory and then shipped to where it will stay. Unlike modular homes, people often place manufactured homes on bases that aren't permanent so they can move them if needed. These homes must follow rules set by HUD (Department of Housing and Urban Development).
What Does Mobile or Manufactured Home Insurance Cover?
Mobile home insurance coverage comes in two main types: Standard Coverage and Extra Coverage.
Standard Coverage:
Standard Coverage: This protects your mobile home's structure from damage caused by covered risks like fire, windstorms, and hail. If something damages or even destroys your mobile home, dwelling insurance will help to pay for repairs or replacement.
Personal Property Coverage: This covers your possessions inside the home against theft or damage.
Personal Property Coverage: It helps pay for medical bills and possible legal fees if someone is injured on your property. It also covers the damage you cause to other people's property.
Loss of Use: If an insured peril makes your mobile home unlivable, this covers extra costs for living elsewhere (such as hotel stays) while workers repair your home.
Extra Coverage
- Flood Insurance: Mobile home insurance doesn't cover flood damage. In areas at risk of flooding, you might need a separate Flood Insurance policy.
- Earthquake Insurance: If earthquakes are common where you live, you may want to add earthquake insurance to protect yourself more.
- Replacement Cost: Choosing a replacement cost policy means that if your mobile home gets destroyed, you'll get money for a new home.
What Is Not Covered?
Mobile Home Insurance might not cover certain risks, such as:
Flood Damage: Separate flood insurance is required to cover natural flooding.
Wear & Tear: Your policy won't cover damage from aging, poor upkeep, or everyday use.
Pest Damage: Your insurance doesn't cover damage from pests like termites or mice.
Intentional Acts: If you cause damage on purpose, your insurance won't pay for it.
Mobile Home Insurance Costs
The cost of mobile home insurance can vary depending on factors like the location, age of the home, its value, and the coverage options chosen. On average, mobile home insurance costs around $400 to $1,200 per year.
These rates can fluctuate based on factors such as:
Get A Builders Risk Quote Today
If you want to get an exact cost for Mobile Home Insurance, we encourage you to get quotes now from our experienced agents.
Our experienced agents are well-versed in these types of home structures and what coverage is needed. After understanding your insurance needs, our agents can usually reduce policy prices through additional discounts of 10% to 15% from the instant quotes you receive.
We provide the finest comprehensive plans for your business by providing:
- Knowledgeable, licensed insurance agents
- Same-day coverage in most instances
- Coverage from A-rated insurance companies
- Ability to offer policies nationwide
- The lowest price for the best Insurance coverage in the industry
