Mobile home insurance, like homeowners insurance, provides coverage for your home and personal possessions and includes personal liability protection. Mobile home insurance, known as manufactured home or trailer home insurance, offers financial protection in the event that your home is damaged.
Mobile homes have always borne the brunt of nature’s wrath. Therefore, it is essential to have adequate coverage so your investment is not lost in case of an unfortunate event.
Due to vulnerability to certain weather, such as windstorms, and unique construction, manufactured and mobile homes don’t qualify for traditional homeowners insurance, typically. Therefore you need to look into coverage through mobile home insurance.
Manufactured, mobile, and modular homes, are all built offsite in factories instead of where the land is or construction sites; they rest on a movable chassis and are always single-level homes. Modular homes are similar to traditional homes and can have multiple stories and a foundation.
The Mobile insurance policy works like a homeowner’s policy, but due to the uniqueness of the house, the policy norms are different and should be clearly understood while buying the insurance.
If the property is damaged or destroyed by perils such as theft, fire or windstorms and other perils listed in your policy
Liability exposure on your property – such as someone getting injured or hurt on the property
An example is if something unexpected occurs, like a burglary or a fire, your policy will help pay for your losses and destruction. The policy provides liability coverage in case of accidents on your property, such as a visiting guest getting injured or property damage. There are instances where it might cover accidents that occur off the property.
There are several different coverage types built into a mobile home insurance policy, and it’s important to know what coverage types apply to what damages.
If you own a mobile home, you know they pose a unique risk due to the structure; thus, purchasing mobile home insurance is a recommended best practice. It will give you peace of mind that your home is protected even though, by law, it is not required.
If you were to stall a security system and CCTVs, the insurance companies might be inclined to give you a discount.
Also, you can bundle policies for auto, flood, etc., to get additional discounts. Increase your deductible if you are on a tight budget to save more money, but it will increase your out-of-pocket expense in case of a claim.
Now that you are familiar with mobile home insurance, it is time to call us.
Although mobile or manufactured home insurance is not required by law, for your peace of mind and your family’s protection, it is very necessary to have mobile home insurance. Purchasing mobile home insurance is a tricky business because it is not homeowners insurance. Make sure to speak to an experienced CompareAquote.com agent to educate you on the difference and get you the right coverage.
Additional discounts and savings for bundling your home and auto. I can not promise a number.
Additional discounts and savings for bundling you home and auto. I can not promise a number.