Mobile home insurance companies allow policyholders to customize their policies through endorsements, which supplement a standard policy. Manufactured home insurance provides coverage for the policyholder's home and belongings, and it includes liability protection. Mobile home insurance coverage is highly similar to a standard homeowners insurance policy. Mobile home insurance includes all of the coverage afforded by a typical homeowners insurance policy, including protections for your dwelling and property. To help you determine whether you'll need to purchase manufactured home insurance or modular home insurance, below we provide a list of the common features of the two types of homes. Mobile home insurance and modular home insurance policies apply to two different types of homes - meaning if you have one, then you don't need the other. While manufactured homes and modular homes are both built in factories, they have very little in common beyond that. While policies can be costly, forgoing coverage means putting yourself at risk of a large financial loss. costs an average of $92,600, we recommend purchasing mobile home insurance to protect your home and belongings. Therefore, anyone who intends to get a mortgage or place their home in a mobile home park should check requirements and at least look into mobile home insurance.Ĭonsidering that a new manufactured home in the U.S. Mobile home insurance isn't required by law, but mortgage companies and mobile home parks may require proof of insurance before working with you.
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