It is strongly recommended that tenants renting a manufactured home (commonly called a mobile home) purchase insurance, even if they aren’t required to have a policy. Mobile home renters insurance is the same as any other renters insurance policy and the coverages are equally important to tenants.
What Mobile Home Renters Insurance Covers
A renters insurance policy (known as an HO-4) insures tenants living in almost any type of residence, including a manufactured home. Whether someone rents a single-family house or a mobile home, these are the primary coverages provided by renters insurance:
Protection for personal property is the mobile renters insurance coverage most people are familiar with. It pays to repair or replace the belongings of a tenant of a manufactured home in the event of a covered loss, including a fire, tornado or theft. Mobile homes tend to be small but tenants might be surprised how much they have inside and the total value of what they own. Remember, personal property protection covers furniture, electronics, jewelry and other expensive items.
Personal liability protection is a valuable part of manufactured home renters insurance policies. Personal Liability protection covers damages that the policyholder and family members (including pets) might be at fault for such as medical bills or damage to someone else’s personal property. For example, if someone falls inside your mobile home, a mobile home renters insurance policy would cover their injuries.
Loss of use coverage (also referred to as additional living expenses) pays for expenses as a result of a mobile home becoming uninhabitable. For example, if a tornado destroyed a policyholder’s manufactured home, they would need to find a place to stay, go out to eat and potentially alter their transportation to work. This part of mobile home insurance coverage would pay for those expenses until a mobile home can be repaired or the tenant can find a new permanent residence.
Medical payments is a coverage commonly included in renters insurance policies for mobile homes. It specifically covers only medical-related expenses of others and a claim can be filed for the coverage without the injured party filing a lawsuit against the policyholder.
Insurance When Mobile Homes Are In Transit
Most mobile home insurance policies do not cover the residence while it is under construction or in transit. A mobile home renters insurance policy will not cover any belongings damaged while a home is being moved either. It goes without saying that a tenant should remove all of their belongings from a manufactured home if it is going to be moved. Remember, mobile homes do not have an engine and cannot be driven. Motor homes and RVs have motors and require a different insurance policy entirely.
Insuring a Mobile Home in Parks vs. Private Property
Generally, insuring a rented mobile home on someone’s private property is the same as for one in a trailer park designed specifically for numerous mobile homes. The renters insurance policy for each one is identical. However, tenants in each circumstance could face different perils that might impact the claim limits they choose to purchase for their policy.
For example, one mobile renters insurance policyholder might be living in a manufactured home far away from others. If they don’t have many guests, animals or venture out much, they probably don’t need as much liability protection. But if a policyholder is renting a mobile home in a park within close vicinity to others, frequently has guests or a dog, they might want to consider purchasing additional personal liability protection. Mobile home insurance policies generally include $100,000 in liability coverage but policyholders can purchase as much as $500,000.
Mobile home renters living in a community also need to make sure they have a clear understanding of what they are responsible for as a tenant. For example, some parks maintain landscaping and other maintenance (such as shoveling snow) outside trailers. In other cases, those tasks are the responsibility of a tenant or the owner of a manufactured home.
Cost Of Renters Insurance for Mobile Homes
In general, mobile homes are considerably less expensive than traditional homes. But renters insurance policies don’t cover the structures themselves, so the policies associated with different types of rentals are comparatively priced. The average renters insurance rate in the U.S., for a standard single-family home or apartment, is $187. We gathered quotes for a sample mobile home renter in three of the best mobile home parks in the U.S. and found it to be very similar.
Mobile Home Location
|Standard Policy||Policy With $25,000 Personal Property Limit|
*Quotes are rounded to the nearest whole number. Standard policies include $15,000 in personal property coverage, $100,000 in liability protection and a $500 deductible.
The process to gather renters insurance quotes for a mobile home is the same as any other residence, be it a single-family home or an apartment. However, most renters insurance companies will not provide quotes for mobile homes online. Only two companies -- Progressive and GEICO -- occasionally provide online quotes for mobile homes.
It doesn’t matter if someone is renting a traditional mobile home, a double-wide or any other variation of a manufactured home, potential policyholders will likely need to call an agent on the phone when shopping for a policy to get a quote.
Frequently, renters insurance for mobile homes are more expensive in some areas because they are more susceptible to certain perils. Manufactured homes (and personal belongings inside them) have a higher chance of being destroyed, for example, by a tornado than a traditional home.
Florida Mobile Home Renters Insurance
The state of Florida is a popular destination for retirees and many, in an effort to keep costs low, choose to buy or rent manufactured homes there. Those who are tenants should strongly consider purchasing mobile home insurance in Florida. The coverage provided can mitigate losses, which is especially important to retirees who might no longer have any income.
Renters insurance for manufactured homes is comparable to renters insurance for traditional houses and apartments in the state, and the average policy in Florida is reasonably priced.
Insuring a Mobile Home In California
Recently in California, more people are choosing to live in manufactured homes because of the high price of real estate there. Even wealthy celebrities have purchased mobile homes in posh California cities like Malibu to save money, and renting a mobile home might be even cheaper.
The cost of mobile home renters insurance is much less than homeowners insurance in California. However, renters of manufactured homes need to make sure they understand what might be excluded from their coverage. For example, some mobile home insurance policies exclude damage from wildfires, which might be a serious risk to a manufactured home depending on where it is located.
If a tenant or owner policy for a mobile home doesn’t cover wildfires, insurers typically offer additional coverage for them. In addition to damages caused by a fire, coverage also commonly includes loss of use coverage for situations when a policyholder must evacuate their residence.