Mobile Home Insurance: Everything You Need to Know

Mobile homes (also known as manufactured homes), account for roughly 25 percent of new residential structures in the United States. They also make up more than 10 percent of total housing, according to the Manufactured Housing Institute. But all mobile homes have one thing in common: they need to be protected with mobile home insurance.

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What Does Mobile Home Insurance Cover?

Mobile/manufactured home insurance protects you from financial loss if your mobile home and/or personal possessions are damaged or destroyed by one of the following perils:

  • Fire
  • Storms (wind, rain, snow, tornadoes, etc.)
  • Burglary
  • Vandalism

Mobile/manufactured home insurance also provides you with liability coverage in case someone is injured on your property.

What Type of Home Insurance Do You Need?

There are two primary types of what are generally considered mobile homes:

  • Modular homes: These are pre-fabricated homes that are transported in pieces and constructed (or put together) by contractors at the site. These homes are usually assembled to a permanent foundation.
  • Mobile or manufactured homes: 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.

If you own a modular home, you should get a quote for a standard home insurance policy. However, if you own a mobile or manufactured home, you may need a manufactured home or mobile home insurance policy. If you’re not sure which type of mobile home you own, check your home’s information tag or contact an insurance agent.

What’s Covered by Mobile Home Insurance?

A standard mobile/manufactured home insurance policy will likely include the following:

  • Home and structure protection, which pays to repair damage caused to your mobile home’s structure.
  • Personal property protection that covers damage or loss of personal possessions.
  • Guest medical protection to cover medical costs for guests injured in your home.
  • Additional living expenses to reimburse temporary housing costs

Note that not all forms of coverage are available in all policies.

What Discounts Are Available?

Some companies offer insurance discounts for mobile home owners. Here a few of the most common:

  • Original owner discount: Save up to 5 percent
  • Multi-policy discount (mobile home/renters and auto): Save up to 15 percent
  • Home safety devices: Save up to 15 percent
  • Fire-resistant material: Save up to 15 percent
  • Senior discount (typically 55 and older): Save up to 10 percent

As a mobile home owner, it’s critical that you protect your home with a mobile home insurance policy. At InsWeb, you can compare home insurance quotes and find a policy that fits your needs.