Mobile Home Insurance FAQs Answered

While we can’t predict everything life will throw at us, the more we plan for and the more we’re ready for, the better off we will be.

Mobile home insurance helps prepare you to live your best life, no matter what happens. 

What Is Mobile Home Insurance?

Whether you’re insuring your life, health, or home, having insurance provides financial protection for the future.

When it comes to insuring your place of residence, mobile home insurance is very similar to standard homeowners insurance. They both give you a defensive financial plan and assistance from an insurance company in case something goes wrong. Both also offer customizable policies with coverage crafted to your specific needs. Mobile home insurance just takes into consideration the special and different circumstances of having a home built on a towable chassis.

Here are a few quick facts about mobile home insurance.

• According to the U.S. Department of Housing and Urban Development any factory-built home made before June 1976 is a “mobile home” and those made after are a “manufactured home”.
• For the insurance industry the term “mobile home insurance” covers any factory-built home regardless of the year.
• Mobile home insurance isn’t legally required, but it may be one of the requirements from your financers, landlord, or community.

Let’s dig a little deeper into mobile home insurance policies and what to expect when you’re preparing for the unexpected. 

How Does Mobile Home Insurance Work?

A mobile home insurance policy protects you, your loved ones, and your possessions from covered dangers and losses. While every policy varies, typical mobile home insurance coverage includes:

• dwelling (replacing or repairing the structure)
• personal property (replacing or repairing your belongings)
• liability (paying out if a visitor is hurt on your property and sues)

When a crisis strikes, your insurance company is your financial and emotional backing. They have agents trained and ready to assist you when you need help the most.

Each company will have different qualifications, coverages, named vs open perils, and loss replacements. Finding the right one can feel intimidating.

So here’s a breakdown of 3 of the best mobile home insurers on the market in 2023.

Top 3 Companies for Insuring Your Mobile Home

Finding a mobile home insurance policy that best suits you means looking at more than just the costs.

These 3 companies offer some of the best advantages and most compassionate, comprehensive policies for insuring your mobile home:

1. Foremost (part of Farmers Insurance Group)

With their robust range of add-on coverage, willingness to overlook credit issues, and an impressive selection of discounts you can’t do much better than Foremost. They are one of the biggest mobile home insurance providers in the country. You can tailor-pick your policy coverage to include replacing spoiled food, removing debris, paying locksmiths, or helping with transitional living expenses. Foremost has superior ratings in financial strength, J.D. Power Claims Service, and Customer Support. They are endorsed by the AARP and offer a variety of accessible discounts. 

2. Progressive

If a mobile home is your first homeowner’s experience, Progressive has discounts galore ready for you. Backed by one of the largest insurance companies in the country, Progressive’s attractive bundling, easy online application, and mobile app make it a convenient and comprehensive way to get excellent coverage for your mobile home and all your belongings. 

3. American Modern

If your mobile home is older, seasonal, or sometimes vacant then this is the coverage for you. As one of the first insurers specifically for mobile homes, American Modern Insurance Group has the specialty coverage and flexible payment options mobile homeowners need. With standard coverage for named perils like fire, wind, and lightning and a huge selection of optional coverage to extend your needs and replace your losses, American Modern knows mobile homes. 

Are You Ready for Anything? 

No matter which company feels like the best fit for your needs, you need to consider the consequences of not having mobile home insurance.

Mobile homes like every home are susceptible to theft, vandalism, and accidents, but mobile homes are much more vulnerable to weather and storm damage. Nobody likes to think about worst-case scenarios, but everybody needs to prepare for them.

Without mobile home insurance when something bad happens you will be:

• Legally obligated to pay out of pocket for all medical and legal expenses originating on your property
• Solely responsible for the cost of replacing all of your furniture, electronics, food, books, clothes, and more
• Required to pay construction costs to get your mobile home back up to code
• Left without a place to live
• Struggling alone when you didn’t have to be

Don’t risk losing your home, your belongings, your savings, and your sanity when disaster strikes. 

Prepare yourself now by getting a mobile home insurance policy. Plan for the worst so you can live your best, no matter what!