Mobile Home Insurance Questions Answered

Mobile home insurance is not much different from any homeowners' insurance policy except that it includes coverages that may only apply to manufactured homes. If you are moving into a mobile home, it's important to consider every potential problem so you are never left without a roof over your head.

How can I lower the cost of mobile home insurance?

Any company that sells mobile home insurance is well-versed in the problems associated with manufactured homes, and therefore is prepared to counter those risks by adjusting premiums. If you can address safety and security concerns in a positive manner, you might be able to save money.

For example, mobile homes built on foundations are considered more stable than those without foundations. Consequently, the insurance company will likely lower your premium if you have such a foundation. The same goes for mobile homes that have skirts build around the base, shingled roofs and basements built beneath them.

What if I have to move my mobile home?

Mobile home insurance usually includes a prohibition against moving it. According to the State of Wisconsin insurance center, you can buy a waiver that allows you to move the home, but it might be expensive.

If you are going to move your mobile home, it is also a good idea to purchase transportation insurance to cover any issues that might arise on the road, such as collisions. This way, if your manufactured home is damaged during transport, you won't have to eat the cost of repairs.

What types of mobile home insurance are available?

There are two basic types: comprehensive and named peril, just like with homeowners' insurance policies. Comprehensive insurance covers any accidental and sudden damage that is not caused by an excluded peril. For example, some mobile home insurance companies exclude flood damage unless you purchase a rider for that purpose.

Named peril insurance works the same way, except that only perils listed in your policy are covered. If damage occurs and it isn't caused by one of the named perils, the insurance company won't allow you to file a claim.

How do I find a mobile home insurance agent?

Recommendations from friends and family members are ideal because they come from a trusted source. Beyond that, however, it is important to choose an insurer with extensive experience in insuring mobile homes. Otherwise, you can't be guaranteed of the value of your policy. Research and interview several agents and companies before making a decision.

Keep in mind, as well, that where you keep your mobile home and how it is used will affect your insurance premiums. Don't scout for quotes until you've decided on a potential home and determined who will live there, where it will be kept, and other important details.