Mobile and manufactured home insurance is becoming increasingly popular. According to the census bureau, there are over 7 million people in the United State living in mobile or manufactured As policies adjust to accommodate this change in the housing market, you should be aware of what your mobile or manufactured home insurance does and does not cover.
What is a Mobile home?
These are homes that are constructed entirely in a factory and are fixed on a permanent steel chassis. They are towed to the site, and are not attached to a permanent foundation.
What Does Insurance for Mobile Homes Cover?
Just like home insurance coverage, mobile or manufactured home insurance protects your mobile home and your personal property from loss or damage caused by covered perils.
Comprehensive Coverage
TIP: Know your location! If the area is subject to flooding or landslides, make sure you obtain additional coverage for this risk! Ask if your policy provides comprehensive coverage.
Optional Replacement Cost
Optional Replacement Cost coverage reflects the cost to replace the damaged items with new property of comparable material and quality, without any deduction for depreciation. In most states, you can receive up to an additional 20% of the amount of insurance for your home if needed to replace your home!
Agreed Loss Settlement
If your home is destroyed by an insured loss, you receive the full amount of insurance for your home (minus any applicable deductible).
Liability Coverage
This provides coverage if you're found legally responsible for an accident that causes injury or property damage to someone who doesn't live in your home. It covers costs like their medical bills, lost wages, pain and suffering, and property damage.
Extra Coverage
Popular coverage options to choose from:
For More information on manufactured homes- contact us today to speak with an agent
What is a Mobile home?
These are homes that are constructed entirely in a factory and are fixed on a permanent steel chassis. They are towed to the site, and are not attached to a permanent foundation.
What Does Insurance for Mobile Homes Cover?
Just like home insurance coverage, mobile or manufactured home insurance protects your mobile home and your personal property from loss or damage caused by covered perils.
Comprehensive Coverage
- This means your insurance company covers most direct, sudden and accidental physical losses like:
- fire
- lightning
- explosion
- vandalism
- landslide
- falling objects
- explosion
- burglary or robbery
- water damage from bursting pipes
- damage by wild or stray animals,
- collapse from the weight of ice and snow wind or hail damage.
TIP: Know your location! If the area is subject to flooding or landslides, make sure you obtain additional coverage for this risk! Ask if your policy provides comprehensive coverage.
Optional Replacement Cost
Optional Replacement Cost coverage reflects the cost to replace the damaged items with new property of comparable material and quality, without any deduction for depreciation. In most states, you can receive up to an additional 20% of the amount of insurance for your home if needed to replace your home!
Agreed Loss Settlement
If your home is destroyed by an insured loss, you receive the full amount of insurance for your home (minus any applicable deductible).
Liability Coverage
This provides coverage if you're found legally responsible for an accident that causes injury or property damage to someone who doesn't live in your home. It covers costs like their medical bills, lost wages, pain and suffering, and property damage.
Extra Coverage
- Additional Living Expenses
- Trees, shrubs, plants and lawns
- Debris removal
- Emergency Removal Service and
Emergency Repair after a loss - Credit card and check forgery
- Fire Department service
- Food spoilage coverage
Popular coverage options to choose from:
- Hobby farm or ranch liability
- Identity fraud expense and management including monitoring
- Incidental business liability
- Personal injury
- Water damage from sewers and drains
- Earthquake coverage
- Trip coverage when moving your home
- Personal Liability coverage on additional residences
- Scheduled Personal Property coverage
- Replacement cost coverage (mobile home, other structures and personal belongings)
For More information on manufactured homes- contact us today to speak with an agent
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