William Raveis Real Estate
Michelle Hennessey, William Raveis Real EstatePhone: (917) 449-6806
Email: [email protected]

A basic guide to mobile home insurance

by Michelle Hennessey 01/23/2023

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
Author

Michelle Hennessey

Michelle is a top producing real estate agent at Team AFA, William Raveis Real Estate. She is an experienced real estate professional with extensive knowledge of the local market & the communities throughout Fairfield County. Michelle is highly skilled at negotiating contracts and navigating the complex process of selling and buying a home. Whether its young families transitioning from city life to the suburbs, locals who are downsizing or trading up, Michelle has the skills to execute a smooth transaction from the start to the closing table. Highly professional & dedicated to achieving exceptional results, Michelle is committed to making each move the right one for her clients.