Manufactured Home Insurance

Manufactured home insurance provides coverage similar to a homeowners policy but is tailored to meet the specific needs of the manufactured homeowner. Although manufactured homes, are built in a factory and moved to a chosen location, they aren’t much different than a site-built single-family home — even when it comes to insurance. Whether you live there year-round or seasonally, it’s important to help protect your home with Manufactured Home Insurance.

What does Manufactured Home Insurance cover?

Personal property: Manufactured 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 latest mobile phone, you would be covered. Keep in mind that you would have to pay a deductible to make a claim.

Dwelling coverage: This coverage pays to repair or replace the structure of your manufactured home if it’s damaged by events your policy covers, up to a limit you choose. These events typically include:

• Fire and lightning
• Explosions
• Vandalism
• Falling objects
• Wind and hail
• Weight of ice and snow
• Damage from wild or stray animals
• Burst pipes

When selecting a limit for this part of your policy, you want an amount high enough to replace your manufactured home if it’s destroyed. You may be able to buy extended replacement coverage in case rebuilding costs more than you expect.

Liability protection: This coverage protects you if one of your visitors 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: Manufactured 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 manufactured home, your insurance company would pay for the cost of a hotel, up to your coverage limit.

What’s not covered?

As with any insurance policy, there are limits to your coverage:

Flooding. Most manufactured home insurance doesn’t pay for flood damage. If you live in an at-risk area, buying separate flood insurance is a good idea.

Earthquakes. Similarly, if your home is in a seismically active region, you’ll likely need separate earthquake coverage. Most home insurance policies don’t cover “earth movement.”

Wear and tear. Insurance covers sudden, accidental damage, not everyday maintenance.

Insect or animal infestation. Again, this is typically considered part of ordinary maintenance.

Damage associated with the use of your home for business purposes. For this coverage, you may need a commercial policy.

How Much Manufactured Home Insurance Do You Need?

In deciding how much coverage to purchase for your manufactured home and its contents, you should consider:

• How much of your property could you afford to lose if it were damaged or stolen?
• What property could be damaged or stolen, and how much would it cost to replace it?
• If you were sued by someone who suffered injuries because of your negligence, how would you pay the legal costs and possible damage awards?

Manufactured or mobile home insurance can help protect your home, your belongings and your loved ones from the unexpected. For more information, contact or email ONYX Insurance Brokers now!