Best Mobile Home Insurance Companies For 2023

If you’re the owner of a mobile home, you can peruse the nation’s top insurance companies for a policy that will cover your home, valuable possessions and more. Although mobile home insurance isn’t mandatory under law, lenders usually require it before they’ll finance a mobile home.

Whether a home sits on a basement, crawlspace, metal frame or wheels, it needs protection. Let’s walk through what mobile home insurance usually covers and the top insurance companies that provide policies for these types of homes.

Do You Need Insurance For A Mobile Home?

Along with covering damage to your mobile home and personal belongings, a mobile home insurance policy can protect you against liability claims if someone suffers an injury on your property or you damage someone else’s property or possessions.

In addition, lenders generally won’t finance a mobile home unless you have insurance. As a result, buying a mobile home in cash is likely the only way to avoid buying insurance. It’s important to note that some lenders don’t offer financing on mobile or manufactured homes, regardless of insurance.

Rocket Mortgage^® provides financing for manufactured homes on a permanent foundation. This isn’t the case, however, for true mobile homes, which are defined as those built before June 15, 1976, or those not attached to a permanent foundation.

What Does Mobile Home Insurance Include?

Mobile home insurance shares features with homeowners insurance, which is for traditional homes on a permanent foundation. Policies on mobile homes include the types of coverage discussed below.

Dwelling Coverage

Mobile home dwelling coverage protects against theft and various types of damage (including fire and hail) to the home. Your policy may help repair or replace parts of your home and additional structures on your property. For example, if you have a deck or garage, your policy may cover it. However, this coverage doesn’t extend to normal wear and tear or other specific types of damage, such as flooding.

Personal Property Coverage

Personal property coverage encompasses electronics, furniture and other belongings. In addition, you may have coverage up to a certain amount for valuables such as jewelry. If you’re concerned about items of exceptionally high value, you may need to add a rider to your policy to enhance your coverage.

Loss-Of-Use Coverage

Loss-of-use coverage helps pay for expenses if you ever need to vacate your home because of a covered incident. For example, you might stay at a hotel while your mobile home insurance company removes mold from your mobile home. Your policy may cover the costs for your stay up to a specified maximum.

Liability Coverage

Liability coverage kicks in if someone receives an injury on your property. In addition, it covers costs incurred by damaging another person’s property. The policy doesn’t cover you or other family members living in the home, though, so you can’t make a claim for suffering an injury in your home.