Mobile Home Insurance: Do You Need It and What It Covers

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Mobile home insurance, also known as manufactured home insurance, is much like a homeowners insurance policy in the sense that it provides financial protection in the event that your home is damaged. While it's not required by law, mortgage companies and mobile home communities often require that homeowners purchase coverage. The exact coverage that a mobile home insurance policy provides depends on what policy you purchase, but policies typically protect your home and personal belongings, and they offer liability coverage. Policies vary in price even among the best mobile home insurance companies, so getting multiple quotes is often the best way to find cheap mobile home insurance.

Do I Need Mobile Home Insurance?

Mobile home insurance isn't required by law, but mortgage companies and mobile home parks may require proof of insurance before working with you. Therefore, anyone who intends to get a mortgage or place their home in a mobile home park needs mobile home insurance. Considering that a new manufactured home in the U.S. costs an average of $70,600, we recommend purchasing mobile home insurance to protect your asset. While policies can be costly, forgoing coverage means putting yourself at risk of a large financial loss.

What About Modular Home Insurance?

Mobile home insurance and modular home insurance policies apply to two different types of homes—meaning if you have one, then you don't need the other. While manufactured homes and modular homes are both built in factories, they have very little in common beyond that. To help you determine whether you'll need to purchase manufactured home insurance or modular home insurance, we provide a list of the common features of the two types of homes below.

Common Characteristics of Manufactured HomesCommon Characteristics of Modular Homes
Delivered to the property in one piece.Often delivered to the property in multiple pieces.
Typically built on a metal frame.Typically built on a crawl space or a basement.
Have metal devices that tie to the ground to serve as a foundation.Look like regular homes.

If you're still having trouble figuring out which type of home you have, look for a certification label, also referred to as a Housing and Urban Development (HUD) tag. The HUD tag is a small metal plate that is attached to the outside of a manufactured home. Alternatively, ask your prospective insurance company to help you determine which type of home you have.

What Does Mobile Home Insurance Cover?

Mobile home insurance coverage is vastly similar to a standard homeowners insurance policy. Mobile home insurance provides coverage for the policyholder's home and belongings, and it includes liability protection. Mobile home insurance companies allow policyholders to customize their policies through endorsements, which function as supplements to a standard policy. Endorsements provide coverage that doesn't come standard with a homeowners insurance policy, such as debris removal and water damage from sewers.

Manufactured homes are prone to damage by fire, and some insurance companies exclude fire damage in high-risk regions. Check whether your policy covers this peril. Policyholders can also set unique coverage limits. We provide descriptions of the main coverages offered by homeowners insurance for mobile homes below.

Dwelling Coverage: This coverage helps pay to rebuild or repair the physical structure of your home if it's damaged by a covered peril. For example, if a fire causes a wall in your mobile home to collapse, that would fall under dwelling coverage. Other structures that are covered under dwelling coverage include your roof and a deck that is attached to your mobile home.

Personal Property: Mobile home insurance provides protection for your personal belongings, whether they are damaged or stolen. For instance, if a burglar breaks into your mobile home and steals your laptop, you would be covered. Keep in mind that you would have to pay an insurance deductible to make a claim.

Liability Protection: This coverage protects you when someone is injured on your property. For example, if your neighbor is struck by a falling tree branch on your property, you could be held liable. With this coverage, your insurance company would cover legal defense fees and can pay damages if you're found to be liable. Your insurance company would only offer financial protection up to your coverage limit.

Other Structures: Mobile home insurance policies often include coverage for permanent structures that aren't permanently attached to your home, like a garage or a tool shed.

Additional Living Expense: If you're unable to live in your home due to a covered loss, this coverage provides you with compensation for additional expenses while living elsewhere. For instance, if there's a fire in your mobile home, your insurance company would pay for the cost of a hotel up to your coverage limit.

Mobile Home Insurance Quotes

Searching for mobile home insurance quotes is challenging, as a lot of well-known insurance companies don't provide quotes online. For instance, State Farm and Allstate, two of the nation's largest homeowners insurance companies, require homeowners to speak to representatives to get a mobile home insurance quote. If you're interested in collecting quotes online, consider GEICO mobile home insurance and Progressive mobile home insurance, both of which offer policies through Assurant.

Mobile home insurance cost is largely dependent on the insured home's area, its age and the coverage limits. However, the best way to find cheap mobile home insurance is to shop around for different quotes. If you're having trouble finding mobile home insurance quotes online, consider reaching out to an independent agent in your area. As a reference, we provide sample annual mobile home insurance premiums based on varying coverage limits for a property in Texas below.

Mobile Home Insurance Quotes

Insurance For Older Mobile Homes

Unfortunately, getting insurance for older mobile homes is difficult and costly because mobile homes built before 1976 had unregulated building standards. HUD developed the Manufactured Home Construction and Safety Standards (MHCSS) in 1976. Homes built after June 15, 1976, are called manufactured homes, and those built before that date are referred to as mobile homes.

Nevertheless, homeowners looking to get insurance for older mobile homes should contact an independent agent. While getting quotes for mobile homes online is difficult, it becomes increasingly difficult for older mobile homes. An independent agent can likely get you a quote for a mobile home insurance company in your area. You may have to purchase coverage through a regional insurance company rather than a national one.

Best Mobile Home Insurance Companies

There are a few top-rated mobile home insurance companies that stand above the rest due to their comprehensive coverage options. Below, we outline two of the best mobile home insurance companies.

Assurant Mobile Home Insurance: What makes Assurant one of the top-rated mobile home insurance companies is that it serves as a one-stop shop for policyholders. Assurant provides policyholders with coverage for perils that aren't typical in other mobile home insurance policies, such as floods and earthquakes. While these coverages can be added through other mobile home insurance companies, they come standard with Assurant mobile home insurance—which is both unusual and useful.

Foremost Mobile Home Insurance: Foremost has been insuring mobile homes for more than 55 years, but what makes it one of the best mobile home insurance companies is its breadth of options. Policyholders can sign up for a standard mobile home insurance policy, but they can also add a ton of endorsements. One of its best endorsements is optional replacement cost. The endorsement allows policyholders to replace damaged items with new ones without a deduction for depreciation. While this option is typical for a standard homeowners policy, it's not often seen in mobile home insurance.

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