What You Need To Know About Mobile Home Insurance

​Mobile home insurance offers financial protection should your home get damaged. The policy you receive depends on the amount of coverage you buy, but typically, it comes with liability coverage and protects your belongings and home. 

Is Mobile Home Insurance Necessary?
While the law does not require you to have mobile home insurance, mobile home parks and mortgage firms may require you to show your proof of insurance when transacting with them. So, if you are planning to go to a mobile home park or apply for a mortgage, you should have mobile home insurance. 

What Is The Coverage?
As a policyholder, your insurance company typically allows you to customize your policy by way of endorsements. This works as a supplement to a standard insurance policy. To those coverages that do not come with standard homeowners insurance, endorsements can provide coverage, for example, sewer water damage or debris removal. 

Mobile homes have a high-risk exposure to fire, but there are insurance firms that exclude fire damage in locations that have a high level of danger. Ask your insurance agent if your policy provides coverage to this threat. You may also set certain limits to your coverage.

Homeowners insurance offers these coverages for mobile homes:

Personal Property. If you have mobile home insurance, it protects your personal belongings in case they are stolen or damaged. For example, an intruder steals your laptop after breaking into your mobile home, your policy will cover you.

Dwelling Coverage. If the physical structure of your mobile home is damaged,  your insurance will pay for the expenses for the repair or rebuild. Dwelling coverage typically covers structures that are attached to the mobile home, including a deck, roof, or wall. 

Liability Protection. In the event that someone gets injured while on your property, your insurer will give financial protection according to the limits of your coverage. 

Additional Living Expense. If an incident that is covered in your insurance prevents you and your family to live in your mobile home, you will receive compensation while you stay in another home. 

Know that the cost of mobile home policy you buy depends on your insurance carrier. Consider getting several quotes to find the right coverage for you at an affordable rate.

At Priority Insurance LLC, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (864) 297-9744. Get your free quote today by CLICKING HERE.