When looking for mobile home (or manufactured home) insurance, it is important to read all of the fine print and ask all of the right questions. Not all plans are the same, and there are varying levels of coverage out there.
Mobile homes are often manufactured in a facility then transported to the customer’s land. If the home is purchased before being transported, make sure the transportation of the home is covered, as it can be damaged in transit. Some insurance providers won’t include this coverage unless specifically asked, while others don’t even offer it at all. When on the truck, it is necessary to have coverage against rain, sleet, snow, wind and other acts of nature.
Transportation insurance is not an issue for home buyers who buy the mobile home after it is already set in place.
Once the home is set in place, many mobile home owners like to build structures around the property that add to the home. Examples include decks, porches, patios and garages. When adding to your home, be sure to read the fine print on your mobile home policy and make sure these additions are covered. Also, before adding on to your home, make sure that you are in compliance with all governmental regulations, as most insurance companies will not cover damage caused by the removal of unapproved structures.
Personal items within the mobile home can also be insured. If interested, talk to your agent, and make sure that these are covered in your policy statement.
When moving the mobile home from one state to another, become familiar with your new state of residence’s insurance coverage and exclusions. This will vary by state and by insurance company.
If you live in a state where the likelihood of natural disasters is increased (in a tornado, hurricane or flood prone area), talk with your agent and try to get the most coverage possible that will fit your budget. If you are able to get disaster relief insurance, many companies offer a stipend to help pay for temporary housing if you are forced to leave your home due to a natural disaster.
Talk to your insurance provider about available discounts. Some offer discounts based on your location. Others may offer to take a few dollars off the premium if the home is on a concrete foundation. It is best to speak to an agent before you move, so you have all of your bases covered upon moving in.