FAQ About Mobile Home Insurance
Insuring a mobile home is part of home ownership and protects your home from general damage, vandalism and storm damage. Mobile homes are not insured by all insurance companies and policies must be purchased specifically tailored to mobile homes. Most new mobile home owners have questions about insurance and FAQ about mobile home insurance can help to answer those questions.
Q. Can I use the same insurance company I have for mobile homes?
A. That would depend upon your current insurance carrier and whether they cover mobile homes. Many regular insurance companies do not cover mobile homes. You may have to search for companies that provide mobile home insurance coverage.
Q. Is flood insurance automatically part of the coverage?
A. Flood insurance may automatically be included by some insurance carriers, but not all. Some lenders require flood insurance and it is usually required if the mobile home will be located in flood plain areas.
Q. Can I purchase a special policy when moving my mobile home?
A. Yes, you should call your insurance agent about providing trip collision insurance if you plan to relocate the mobile. Typically, this is a separate one-time cost and provides coverage for 30 days.
Q. Does my policy cover additional living quarters in the event of damage to the mobile?
A. Temporary housing is usually covered in most policies when a mobile home has been severely damaged by a storm for example. This is an excellent question to ask your insurance agent when setting up a policy for new mobile home insurance.
Q. If a tree damaged my mobile home, am I covered?
A. If the mobile home has storm damage as part of the coverage the mobile home would be covered. The tree would not be insured and many insurance carriers do not automatically provide debris removal as part of their standard policies.
Q. Should I sign up for cash value when setting up my policy?
A. Some people prefer replacement cost coverage to cash value. Cash value coverage means you will be reimbursed for the depreciated value of an item.
Q. Can you explain replacement cost coverage?
A. This replaces an item equal to the same quality and type of item before damage.
Q. Is it hard to find insurance for older mobile homes?
A. Yes, several insurance companies that cover mobile homes do not provide coverage for older homes of 15 years or more. There are some carriers that will cover older homes, but they are difficult to find.