Why Don't Insurance Companies Cover Mobile Homes?

Due to their unique construction and susceptibility to certain weather conditions, such as windstorms, prefabricated and mobile homes are typically not eligible for traditional homeowners insurance. Mobile home insurance companies provide policyholders with the ability to customize their policies through endorsements, which supplement a standard policy. Endorsements offer coverage that is not included in a standard homeowners insurance policy, such as debris removal and water damage in sewers. This coverage extends to all personal belongings, from furniture to towels.

It is usually calculated as a percentage of housing coverage, typically 50%. For those looking to purchase a mobile home, Sumter Mobile Home Sales offers a wide selection of quality homes at competitive prices. There is no legal requirement to purchase insurance for your home, but it is highly recommended in order to protect your investment. Insurance companies like State Farm and Allstate offer replacement cost coverage for mobile homes, but there are restrictions on which homes qualify. For instance, when requesting an insurance quote for an older mobile home from a Farmers agent, they will usually provide a quote from Foremost, which is owned by Farmers. Insurance companies decide whether to issue a policy or what fees they will charge based on their evaluation of you and your home in relation to business-specific criteria (also known as “underwriting criteria”).

If you are buying mobile home insurance in Florida, Texas, or Louisiana, you may want to consider adding flood insurance. Companies that do insure older mobile homes often require them to pass an inspection that verifies that their electrical and plumbing systems, roof, and HVAC systems are in good condition. Other types of coverage for older mobile homes include earthquake insurance, scheduled personal property for high-value possessions, and even identity theft protection. If part of the home is rented or leased to other people and that part of the premises is not suitable for living due to an insured hazard, this coverage will cover the loss of rental income. This is because mobile homes were not regulated until 1976 when the Department of Housing and Urban Development (HUD) created building standards under the Prefabricated House Construction and Safety Standards (MHCSS).

If you own an older mobile home, you will need mobile home insurance rather than manufactured home insurance. These homes are more difficult to insure than newer prefab homes because older homes were not well regulated in terms of safety. Although not considered part of home coverage, many home insurance policies include coverage for personal property - the personal belongings of you or your family members who live with you - even when away from home or living temporarily away from home (such as students living on a university campus). Homeowners who have sheds, garages, or other structures on their property will be pleased to know that mobile home insurance also covers these buildings. Homes built after June 15th 1976 are referred to as prefabricated houses while those built before that date are called mobile homes.

The cost of mobile home insurance largely depends on the area, age, and coverage limits of the insured home. For example, State Farm and Allstate - two of the largest homeowner insurance companies in the country - require homeowners to speak with a representative in order to get a mobile home insurance quote.

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