How Does Mobile Home Insurance Work?

A home is the most expensive purchase that most people will make. Mobile homes are generally considered an affordable housing option, yet they still constitute a sizable investment and should be protected. Homeowner's insurance for a mobile home works in a similar manner to traditional homeowner's insurance.

Buildings

Mobile home insurance will protect the mobile home and any buildings located on the property. Whether the building is attached to the mobile home or not is irrelevant. If a structure sustains damage on your property, then the mobile home insurance will provide the costs required to either replace or repair the building. The most common sources of damage to buildings are lightening, fire, wind and flood. However, not all insurance policies provide coverage for all of these hazards.

Possessions

In additions to offering protection to existing structures on the property, mobile home insurance also provides protection in the event that possessions inside your buildings are damaged. Regardless of the insurance company that is providing you with protection, possessions inside damaged buildings are eligible for coverage. To ensure that your items are protected, pictures should be taken that document the items in the building and records should be prepared detailing the value of all items in the building.

Personal Protection

In addition to protecting structures and possessions, mobile home insurance will also protect the owner from accidents that happen on their property. It is not uncommon for individuals to injure themselves while visiting another home. Insurance ensures that the owner of the property is protected against legal liability stemming from the injury. In other words, it reduces the likelihood that the owner of the property will have to directly pay for any injuries or damages that occur on their property.