What Is Not Covered With Mobile Home Insurance?

Purchasing a mobile home can be an exciting and affordable way to become a homeowner. However, with this investment, comes significant responsibility. As a mobile home owner, you must account for many risks and exposures and protect your prized property from many possible incidents and perils. Mobile home insurance can be a powerful solution for these concerns, but you must still be aware of possible coverage gaps.

What Is Mobile Home Insurance?

Also known as manufactured home insurance, mobile home insurance is a specialized form of coverage often necessary for those who purchase such residences. While mobile and manufactured homes may offer many of the same securities and safeties as traditional dwellings, they may require specifically tailored insurance solutions.

What Are Potential Mobile Home Coverage Gaps?

A mobile home insurance policy may include many of the same financial protections as traditional homeowners coverage retained for those whose dwellings were built on-site, but they can also have several of the same exclusions. Consider the following standard mobile home insurance exclusions:

• Floods—Among the most common and damaging natural disasters for U.S. homeowners, floods are typically excluded from standard policies. Fortunately, alternative coverage is often available through the National Flood Insurance Program and private carriers.
• Earthquakes—As another common exclusion from standard mobile insurance, you may need to secure alternative coverage for these seismic events. Mobile homeowners may be particularly vulnerable to these incidents and subject to greater damage.
• Valuable belongings—Mobile home insurance often includes coverage for your belongings, but strict coverage limits may be insufficient for particularly valuable possessions, such as fine art, jewelry and high-end electronics. Consider upgrading your policy or purchasing a scheduled property endorsement to ensure you can repair or replace such belongings.
• Business-related losses—In recent years, working out of a residential property has become increasingly common. However, typical mobile home insurance may not provide coverage if losses are caused by commercial operations. If you work from home or operate a business out of your mobile home, you should explore additional coverage.

We’re Here to Help

Contact Providers Insurance in Tifton, GA, today to learn more about mobile home coverage and ensure you’ve addressed possible coverage gaps.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.