Mobile home or manufactured/prefabricated homeowners insurance (M/PHI) typically covers both your primary residence and additional structures like sheds or garages from damage. In addition, it typically offers personal property coverage which reimburses you if any belongings are lost, damaged, or stolen. As with other home insurance policies, mobile home policies do not cover every eventuality – here is what you should be aware of.
1. Earthquakes
Most mobile home insurance policies exclude earthquake damage. However, certain providers offer add-on policies to cover such damages. A typical mobile home policy protects both the dwelling and personal property from various perils, such as storm damage or theft, including other structures coverage for non-attached fences and sheds, personal property reimbursement on an actual cash basis; you may choose to upgrade this coverage with replacement-cost coverage instead. Medical payments and personal liability protection typically come standard in mobile home policies, too.
2. Floods
Mobile home or manufactured/mobile home insurance provides coverage against damage to both the dwelling itself and personal possessions, including liability claims should someone become injured on your property.Mobile home policies usually include several coverages to protect against damage from perils, including dwelling and personal property coverages that reimburse stolen or destroyed belongings at actual cash value accounting for depreciation. Furthermore, additional living expense coverage could cover hotel costs should your home become uninhabitable due to covered events.
3. Fires
Mobile home insurance typically provides physical damage coverage as well as coverage of personal property inside. A standard policy also typically extends coverage to structures outside the home such as sheds or fences as well as liability protection.However, some policies exclude damage caused by natural disasters, earthquakes, and flooding as well as negligence or wear and tear; thus it’s essential that you check your policy carefully. Other factors that might impact rates include the age, location, and materials your mobile home is constructed from.
4. Theft
Mobile home, or manufactured home insurance is a policy designed to safeguard both the contents and structure of a mobile or manufactured home and its owner from harm or injury caused by others on their property. Furthermore, liability coverage provides added peace of mind.Property coverage will often cover repairs or reconstruction of your mobile home if it has been damaged by fire, windstorms, vandalism, or theft. It may also cover detached structures like fences and sheds.Loss of use/additional living expenses coverage reimburses for hotel or rental costs if your home becomes uninhabitable due to an insured peril. Some policies offer additional options like coverage for expensive jewelry and identity theft.
5. Windstorms
Mobile home or trailer home insurance provides physical damage coverage for your mobile home and personal property as well as liability protection. A typical policy covers structures like decks and garages on your property as well as loss-use coverage which pays temporary living expenses during repairs; it may even cover personal items in transit, though not typically flood or earthquake protection.Reduce your premium by installing safety devices like smoke detectors, sprinkler systems, and fire alarms. Furthermore, replacement cost coverage reimburses the costs associated with replacing lost items without deducting for depreciation.
6. Natural disasters
Mobile home (also known as manufactured home) insurance protects both your mobile home and personal property, including fire, weather, and theft damage. Policies often exclude coverage for natural disasters like flooding or earthquake damage.Mobile home insurance features can also include dwelling coverage for your mobile or manufactured house and any additional structures on your property, such as sheds. Loss-of-use and personal property coverage provide extra living expenses coverage in case a covered peril causes irreparable damage that prevents it from being lived in during repairs.
7. Theft of personal property
Mobile home policies protect personal property against physical damage such as theft, vandalism, and burglary.Your property policy extends protection to structures on your property that aren’t attached directly to your house, like sheds and garages, from threats such as fire, windstorm damage, and falling objects.Liability coverage also extends to you in case someone gets hurt on your property and files a claim or lawsuit against you, although it does not cover floods and earthquakes; for that, separate policies called builders risk insurance must be purchased before starting construction on a home.
8. Liability coverage
Mobile home insurance generally does not cover flood or earthquake damages, though add-on policies can usually be purchased to address those events. Furthermore, it excludes damage due to negligence, wear and tear, or negligent maintenance (rust, wet/dry rot, vermin/rodent infestation, or improper upkeep), such as rust or dry rot requiring replacement, vermin infestation or poor maintenance practices.Personal liability coverage provides compensation if someone is injured on your property or their possessions are damaged, whether accidental or intentional. While it’s not required, having this type of protection in place can be invaluable.Other common coverage options for mobile homes include trip collision coverage, which protects against damages sustained during transport; and water backup coverage, which protects against flooding due to sewer backup or clogged drains. Many mobile home policies also cover structures on your property that are unattached from your dwelling.
9. Additional living expenses
Mobile home insurance provides financial protection against various risks. Dwelling coverage protects the physical structure of a mobile or manufactured home and any attached structures such as decks or porches; personal property coverage protects belongings such as clothes against risks such as theft or natural disaster damage; while some policies even offer extra living expense coverage to reimburse you if damage to your home occurs due to covered perils.Other structure’s coverage safeguards any buildings on your property that aren’t connected directly to your house, like sheds and fences. Liability coverage pays for medical costs and legal expenses if someone is injured while visiting your property.
