The Best Mobile Home Insurance
How Much Coverage You Need and Where to Get It
Mobile homes or manufactured homes are fabricated in a factory and then delivered and placed at the location, unlike regular homes that are built on-site. It used to be that manufactured or mobile homes were quite basic, but these days you can get some very elegant and beautiful manufactured homes. The range of mobile homes in quality, features, and style vary significantly. When shopping for insurance on your mobile home you will have several options to consider, here are the basics on mobile or manufactured home insurance to help you find the right kind of insurance protection.
Manufactured Home Insurance Basics
Mobile or manufactured homes do not have foundations, and they are portable. Although you may not notice the difference when you are living in a mobile home versus a regularly constructed home, there is a difference in the insurance coverage, which is why when you shop for insurance, you need to declare the kind of house you have.
Special Insurance Considerations
One key difference in a mobile or manufactured home vs. a standard home insurance policy is that you may need coverage during transportation. A standard home insurance policy doesn't cover moving a house from one place to another. Standard car insurance doesn't cover a mobile home in transport while it is being towed to the new location either. The coverage for the transportation of the house will likely be taken care of through a commercial policy by the manufacturer, but it is in your best interest to find out and make sure.
Your mobile home insurance provider will be able to help you figure out if you need coverage and can explain your options. This kind of coverage is generally not included in a mobile home insurance policy, but some exceptions may apply.
List of Insurance Coverages for Mobile Homes
Manufactured Home Insurance provides some of the basics that most homeowner policies provide
Tip: When getting quotes for mobile home insurance be sure and declare how your mobile home will be used. The coverage options and pricing for rental homes, vacation homes, seasonal homes, or homes used as a primary residence may be different.
Due to the specialized type of risk, some mobile home insurance companies may cover some perils that a standard home policy would not cover automatically, ask about these coverages that are not automatically included with all insurers.
- Coverage from earthquake, flood, hurricanes, and windstorm
- Coverage resulting from damage by wild animals
- Trip coverage when you move your home from one place to another
- Sewer back-up coverage
Special Insurance Coverages to Ask About in Mobile or Manufactured Home Insurance
Here are some other things you may want to ask your mobile home insurance representative about when you're getting your quote:
- Damage from burst pipes or other water damage
- Additional living expense insurance
- Replacement cost insurance
- Coverage of contents and personal belongings
- Scheduled personal property options, and special limits on the policy for contents
- Matching siding endorsements
- Debris removal
- Landscaping, for example, trees, shrubs, plants, and lawns
- Additional buildings, sheds, attachments or swimming pools
- Credit card forgery, identity theft protection, or other similar coverages
This list doesn't include everything because insurance coverages and availability of coverages vary from state to state; however, this list is a good starting point to review some aspects of your mobile home coverage when you are shopping around.
Coverage of Matching Siding in a Claim
For example, as you shop around, you might see something called a "Matching Siding Endorsement." You would never even think that in the event of a claim where there is a partial loss, you might not be able to get siding to match the remaining part of your house, but this is precisely the kind of thing you want to ask about and look out for by asking questions. Matching siding is not a given; usually, an insurance claim will only cover replacement of what is damaged, (not what has not been damaged). If only one exterior wall is damaged, you may have an issue if you did not buy matching siding coverage.
Where to Find Insurance
Many of the major insurance providers have special programs for Mobile or Manufactured Homes. You should consider checking with a few companies to get the best price and coverage. You can check with your current home insurer to see if they have a program and also consider companies specializing in mobile home insurance
10 Options for Mobile or Manufactured Home Insurance
This is a list of 10 insurance companies that offer Mobile or Manufactured Home Insurance with links to their websites. It's a good starting point to get quotes. Included in this list are some of the top referenced insurers, there may be other local insurers in your region, so be sure to check around in your area or ask other mobile homeowners what their experiences have been or if they have any insurers to recommend.
List of Mobile Home Insurance Companies
- American Modern
- American Family Insurance
- Foremost (According to their website, they are the "#1 market leader for mobile home insurance in the nation".)
- State Farm
You don't need to go directly to the insurer to get a mobile home insurance quote. Independent insurance agents or brokers can also help you by checking with different insurance companies on your behalf. If you are stuck and need help, you can also contact your State Insurance Commissioner's Office.
How Mobile Home Insurance Covers Claims
When shopping for your mobile home insurance, you should ask about what the basis of claims settlement is on your policy. Ask whether the coverage on your home will be:
- Named perils or open perils
- Or if the settlement in a claim will be Replacement Cost for both total and partial losses or Actual Cash Value on partial losses.
Some insurance policies will cover your manufactured home on a Replacement Cost Basis for total losses, or a major catastrophe, but then will only cover you for actual cash value for a partial loss. This makes a big difference. Learn more about Actual Cash Value vs. Replacement Cost. The cost is to upgrade your policy to replacement cost may not be very expensive and can save you thousands of dollars if you have a significant claim.
Different Coverage Levels to Choose From
When you get your quote for mobile home insurance, get quotes for different levels of coverage. It may be tempting to just ask for the lowest price, but the best coverage may not cost much more than the "cheapest" option. Use the lists above to help you figure out what coverages you need and compare your options to find the best protection for your investment in your home.
Mobile Insurance. "Transporter and Installer Insurance." Accessed July 3, 2020
Insurance Information Institute. "Mobile Home Insurance." Accessed July 3, 2020.
Foremost. "Mobile Home Insurance." Accessed July 3, 2020.
American Family Insurance. "Does Homeowners Insurance Cover Siding Damage?" Accessed July 3, 2020.
American Modern. "Mobile Home Insurance." Accessed July 3, 2020.