If you live in a mobile home, you'll need specific mobile home insurance rather than a traditional homeowners insurance policy. But what exactly is mobile home insurance, and how is it different?
Here is a quick guide to the important facts about mobile home insurance:
Is mobile home insurance really necessary?
Mobile home insurance is required by mortgage companies for loan approval. So, if you're trying to get a mortgage, it's in your best interest to research your options for mobile home insurance companies and find a good fit. However, it may not be mandatory otherwise.
What does mobile home insurance cover?
Mobile home insurance policies have the same components as traditional homeowners insurance: dwelling, other structures, personal property and liability coverage.
What's not covered?
Both mobile home insurance and manufactured home insurance policies cover a list of events known as perils. While there's a long list of perils included, your mobile or manufactured home might need additional policies for certain weather or natural disasters. Generally, these are the events requiring supplemental or separate coverage:
- Flooding
- Earthquakes
- Insect or animal infestation
To find out what a covered peril is, check with your insurance company. Often, you can get an additional policy for one of the above events added onto your regular policy for a discounted rate.
While not strictly required, mobile home insurance is one of the best ways to protect your property and assets. Consult an insurance provider to learn your best options for financial coverage.
About the Author
Natalia San Filippo
Greetings from beautiful Naples Florida! Having grown up in Siberia, in a challenging environment I have a deep appreciation of our wonderful Southwest Florida climate and lifestyle. The journey that led me here has fueled my drive to be the best at everything I attempt. My natural enthusiasm for my work is contagious, and clients know that I am "giving my all”. My deep dedication to my family that includes my two adult children and my four fabulous grandchildren. My family reminds me every day that considering family first in one’s life requires an exceptional "home base” for everyone to gather for events and holidays. Everything in my life has equipped me to be a fabulous realtor at Premiere Plus Realty. Naples is cosmopolitan and international harmonious environment, positive energy and lifestyle. As a certified yoga instructor, I believe in and understand the importance of balance in one’s life. It’s through my yoga practice that I have achieved peace and harmony in my life. It’s this peace, harmony, and enthusiasm that I wish to pass to my clients. My goal is to continue to serve you!!! It is my mission! It is my goal! Let’s get to work together! Natalia Realtor, specializing in Residential sales, New construction, seasonal rental, VA homes, First home buyers, listings, sales. Member of Miami and Stella MLS. I service Naples, Bonita Estero, Marco Island & Ft. Meyer's as well as SW Florida. I appreciate referrals and I help with referrals in other States.