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Your Guide To Mobile & Manufactured Home Insurance

mobile home insurance

Do you have a manufactured home? Are you looking to get homeowner’s insurance and need to know what to look for in a policy as well as how to get one? This guide will provide you with the necessary information to understand mobile home insurance and help you make the best decision about the coverage you need.

7 Steps to Getting a Manufactured Home Insurance Quote

  1. Valuables: Create and keep a record of all of your valuables, and use a checklist to create an inventory.
  2. Upgrades: Create and keep records and invoices of all upgrades and renovations on your manufactured home—they impact the value of your manufactured home and you do not want to have a policy where you are under insured.
  3. Photograph: Photograph all your valuables and place the pictures in a fireproof security box and/or store them online.
  4. Serial numbers: Collect, record and keep all of your serial numbers in a fireproof security box and/or store them online. Write all your serial numbers on the back of each picture.
  5. Get quotes: Contact insurance companies and inquire about quotes based on your needs for a policy.
  6. Make a selection: Choose the policy best for you based on your needs and budget.
  7. Activate: Activate your policy.

Mobile Home Insurance Versus Manufactured Home Insurance

Knowing what type of home you have will lead to the best quote and rate for insuring one of your greatest investments and assets. There are three terms you may associate with a manufactured home.

  • Mobile home: Any factory home built before June 15, 1976
  • Manufactured home: Any factory home built after June 15, 1976
  • Modular home: Any factory home created to city code or a uniform construction code

If you have a modular home, you need a standard home insurance policy.

If you have a mobile or manufactured home, a special home insurance policy is needed because these come with a different set of risks than a traditional stick-built home with a foundation. These risks include:

  • Higher susceptibility to fire, wind, and freeze damage
  • Lighter raw construction materials and lesser comparative durability
  • Home is anchored down by ties instead of being attached to a foundation which increases damage risk
  • Higher risk of theft claims

Types of Coverage

There four types of coverage you will want your policy to cover:

  1. Accidental: Water damage from plumbing, electric or heating/cooling challenges
  2. Weather: Wildfires or fires, flooding, wind, hail, lightning, and snow
  3. Non-weather: Vandalism or theft
  4. Liability: Accidents that may happen to others at your manufactured home

How Much Manufactured Home Insurance Is Right for You?

In deciding how much manufactured home insurance is right for you, there are two factors to consider.

  • Cost of Rebuilding: How much coverage do you need to rebuild in case of a total loss?
  • Liability: How much coverage do you need to protect your finances?

Rebuilding and Coverage

In the event that your manufactured home experiences damage, the level of home structure coverage you need for your manufactured home is dependent on two aspects:

  1. Home Value: What is your manufactured home worth?
  2. Personal Possessions: What is the value and worth of your personal possessions in the manufactured home? Make sure you account for all of your belongings including:
    1. Jewelry
    2. Silverware
    3. Furniture
    4. Appliances
    5. Art
    6. Electronics
    7. Clothing
    8. Furs
    9. Collectibles

Liability and Coverage

Having liability coverage is vital to protecting your finances, especially in the event that a lawsuit is brought against you because of property damage or injury to others. If the damage or harm was caused by your pet, liability coverage will also cover it. It is important to have enough coverage. You do not want to drain bank accounts and finances because your policy does not have adequate coverage for a large claim.

Here are four aspects of liability coverage you will want to consider:

  • No-fault medical coverage: Does the policy come with no-fault medical coverage? With it, an injured person can submit medical bills to the manufactured home insurance company without a claim being made.
  • Dog bites: Do you own a dog? Will the stated liability coverage limit on your policy cover you in the event that the dog bites someone outside of yourself or household members at the home?
  • Injuries: Will the stated liability coverage limit on your policy cover you in the event of someone falling, slipping or injuring themselves?
  • Court fees and awards: Will the stated liability coverage limit on your policy cover defending you in court and for covering any court-ordered payouts to others, if there is a lawsuit filed?

Insurance Companies Offering Manufactured Home Coverage

There are many companies who specialize in coverage for your manufactured home. These include:

  • AARP
  • Allstate
  • American Family Insurance
  • American Modern
  • Farmers
  • Foremost Insurance Group
  • Geico
  • Progressive
  • State Farm
  • Trusted Choice
  • USAA

Additional Resources

LendingTree offers online quotes on home insurance. In addition, here are more resources you may find helpful:

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