Mobile Home Insurance

Mobile Home Insurance Tips
Written by Mary Long   
For those who own a mobile home, mobile home insurance is necessary to have. This type of insurance provides you with protection in a number of ways, including protecting your home from theft, fire and other types of loss. Many car insurance and home insurance providers will provide individuals with mobile home insurance, too. For this reason, it is always in your best interest to compare companies, policies, coverage amounts and pricing. It is likely you will be able to find affordable home insurance for your mobile home.

What Does Mobile Home Insurance Provide?

Having the right type of coverage is always important. When it comes to mobile home insurance protection, there is a wide range of different protections offered. Each policy is different, but most will provide some similar benefits. In particular, it should cover the following items:
  • It should provide you with damage that coves the mobile home. Usually this is termed a manufactured home. This includes damages caused by wind, fire, falling objects, explosions, lightening and other incidents. Be careful to read this section thoroughly since it is actually common for differences to be included here. Some policies may cover flooding and hurricanes, for example.
  • In some situations, there is coverage available for the personal property that you have within the home. Just like in a traditional home insurance policy, the items listed on your policy and those that you have a record of will be covered by the mobile home insurance policy. You should keep a thorough list, often with a photo or video recording of anything in the home. If you have any electronics, jewelry or other valuable items, list these on the policy separately.
  • Notice of the policy offers adjacent structure coverage. This particular type of coverage will provide you with protection from damage or destruction that occurs on the adjacent structures to your mobile home, such as a shed, garage or porch area.
  • Liability protection is often found in this form of coverage, too. Liability insurance protects an individual from claims filed against them in the mobile home. For example, if your friend comes to your home, trips on a loose floorboard and sues you for it, the liability coverage will kick in to cover the damaged they are suing you for, or fight the case on your behalf.
While these are the most common items covered on most mobile home insurance policies, it is important to read your policy carefully and be sure that everything is covered in it that you need.

There are additional types of insurance you may wish to purchase as well. These are often add-ons, not offered with the traditional policy but offered as a secondary or back up. One option to consider is additional coverage for personal property. As mentioned earlier, if you have expensive equipment or collections in your home, it is best to list them separately on your insurance policy. This floater, as it is termed, is the best resource for doing this. It is generally used for high value items in particular.

Your insurance company may offer you identity theft coverage as well. This is an insurance policy that simply provides you with protection should someone try to steal your identity through financial means. It does not matter much to your mobile home insurance in particular, so may not be beneficial for those who have a need for the least expensive type of insurance.

Driving your mobile home is another story. Perhaps you have an RV or a motor home that you sometimes drive, sometimes leave parked. Any time you do plan to take it out onto the road, you absolutely must have coverage to do so. It is against the law to operate a motor vehicle on the street without proper insurance coverage. But, when do you actually need this coverage?

The only time you need to have motor vehicle coverage on your mobile home is if it is being use on the street. If your mobile home remains parked, you do not have to have the insurance. If you need to have a licensed plate on it, you need to have coverage. Other times, especially for motor homes that are designed to stay in one place, this is not necessary. If you have any question about this, talk to your insurance provider about your options. Keep in mind that every state has different laws on the amount of insurance you need to have to operate the vehicle on the road.

When selecting mobile home insurance, it is best to obtain several quotes and to compare them. Talk to an insurance provider and ask them what types of insurance you need. Find out what they suggest in terms of coverage amounts. Then, do the same thing with another provider. This is the best way to compare policies. Some features will change from policy to policy including:
  • The amount of coverage they give you
  • The amount of the premium you will pay quarterly or monthly for the insurance
  • The amount of the deductible you will pay out of pocket when and if you need to make a claim on your mobile home insurance policy.
  • The amount of discounts available for the policy
Compare your options carefully. Take notice of your options and talk to each company about the other's quote. For example, if you notice that one company offers a high amount of coverage than another, question them on why you need the higher amount. Ask them for a new quote at the lower amount.

Mobile home insurance is available through most of the insurance providers offering home owner insurance and vehicle insurance. In fact, if you have another home, other vehicles or even other types of insurance (such as life insurance) you could benefit by putting all of these packages together as one. This may offer you a discount on the entire total cost of the package. Ask your insurance provider if this is available to you.
 
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