What Is Mobile Home Insurance?
Mobile home insurance is a type of policy that is intended to repair or replace your mobile home should it be damaged by any number of perils. Mobile home insurance can also cover the owner’s personal property, living expenses (should the home be uninhabitable for a period of time), as well as liability to protect other individuals while on the residence premises.
Why Do I Need Mobile Home Insurance?
If you have a mortgage on your mobile home, your lender will require underlying insurance. Even if you don’t have a mortgage, adequately covering your mobile home will save you time, and most importantly, money in the event of a loss.
Major Parts of a Mobile Home Insurance Policy
Like with a standard homeowner’s policy, there are six major portions to most mobile home policies, which are described below. When you receive your mobile home insurance quote, you will typically see prices associated with each of these coverages: