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Although mobile home insurance is optional in Florida, mortgage companies often require homeowners to get this type of coverage as a prerequisite for a loan.
Whether it's required or not, mobile home insurance in Florida ensures you have financial protection if your home is damaged. Mobile home insurance quotes in Florida vary among insurance companies, so you should compare quotes before signing up for coverage.
Do I need mobile home insurance in Florida?
Florida law doesn't require homeowners to buy mobile homeowners insurance, but many lenders require it before issuing a mortgage.
Furthermore, mobile home insurance is typically required if you place your home in a mobile home community or park.
Therefore, while it's not a legal requirement, only people who purchase a mobile home outright and place it on private property will be able to skip mobile home insurance.
In either case, mobile home insurance is meant to protect against large financial losses, and it's advisable to get coverage.
Unique considerations: Florida mobile home insurance
Of all states in the U.S., Florida has had the greatest number of mainland hurricane strikes to date. That's why residents should be prepared to deal with flood and wind damage to their homes.
- Flood insurance: A standard mobile home insurance policy doesn't offer any coverage for flood damage, so residents should consider purchasing flood insurance.
- Wind damage: According to Florida law, property insurance policies must cover wind damage from a storm that the National Hurricane Center deems a hurricane. But mobile home insurance policies may include a special deductible for damage caused by a hurricane. This deductible is set by Florida law.
What does mobile home insurance in Florida cover?
Mobile home insurance is similar to the coverage you receive with homeowners insurance.
Both forms of insurance typically provide liability protection and coverage for the structural elements of your home and your personal belongings.
Policyholders can often customize their policies with supplemental coverage, or endorsements, for an extra cost. You may also increase or decrease coverage limits as you see fit. Here's what mobile home insurance policies typically provide:
- Dwelling coverage: A mobile home insurance policy covers the permanent components — such as the walls, roof and deck — of your mobile home. If these components are damaged in a covered event, the policy pays for repairs or replacements.
- Personal property: This coverage protects your personal belongings from theft or damage, whether the incident occurs inside or outside of your mobile home. Items that fall under personal property may include bicycles, furniture and electronics. You'll typically have to pay a deductible before coverage kicks in.
- Liability protection: This coverage pays for medical bills and legal costs, up to your coverage limit, if you're held liable for an injury, death or other incident.
- Other structures: This coverage provides protection for structures that are on the same lot as your mobile home but not attached to it. For instance, if a storm knocks over your detached shed, you may be able to submit an insurance claim.
- Additional living expense: If your mobile home is damaged to the point that you can't live in it while repairs are being made, then additional living expense coverage pays for you to live away from home. These expenses may include hotel stays and certain meals.
Mobile home insurance companies in Florida
Most well-known insurers, like State Farm or Allstate, offer mobile home insurance. Smaller providers write mobile home insurance for Florida's homeowners, too. Companies like American Traditions Insurance Company, Foremost and Citizens Property Insurance actually supply the most policies for people living in Florida.
Citizens is typically one of the most expensive options for mobile home insurance. Customers can't renew a Citizens policy if they receive a cheaper offer for comparable coverage on a private-market policy.
Some of the top mobile home insurance companies may require you to contact an agent or company representative to purchase coverage, especially in Florida where nearby bodies of water may present a flood risk.
Mobile home insurance rates in Florida
Mobile home insurance quotes in Florida will vary, depending on your home's location, value, age and the coverage limit. Below, we provide a sample quote for a mobile home in Jacksonville, Florida, for varying dwelling coverage limits to showcase how different coverage limits impact your quote.
While mobile home insurance and traditional homeowners insurance policies have similar coverage, the costs vary.
Generally, mobile home insurance is more expensive than the cost of a homeowners insurance policy in Florida for a traditional-style home.
That's because mobile homes are more susceptible to damage and therefore more costly to repair. Mobile home insurance companies in Florida often offer discounts to homeowners who install wind-resistant features to their homes. However, the best way to save money on mobile home insurance is to shop around and compare quotes.
Unfortunately, shopping for mobile home insurance in Florida isn't easy. Some of the best mobile home insurance companies don't offer policies in Florida, including Geico and Progressive. To save time and money, consider contacting an independent agent in your area.