Manufactured Home Insurance

Coverage for the policyholder's home and belongings, in addition to protection against liability, is included in manufactured home insurance policies.

Mobile, manufactured and modular homes: What's the difference?

Mobile, manufactured and modular homes are all built in factories rather than on construction sites. Mobile and manufactured homes rest on a movable chassis and never include more than a single level. Modular homes can have multiple stories and sit on a foundation similar to traditional houses.

. From that point on, these buildings were known as manufactured homes. Though the terms are often used interchangeably, "mobile" and "manufactured" homes have specific meanings according to the U.S. Department of Housing and Urban Development. Mobile homes were built prior to 1976, when a new federal law mandated stricter safety standards for their construction[1]

What mobile home insurance covers

A standard mobile home insurance policy generally features the following coverage.

Dwelling coverage

Dwelling coverage pays to repair or replace the structure of your mobile home if it’s damaged by events your policy covers, up to a limit you choose. These events typically include:

• Fire and lightning.
• Explosions.
• Vandalism.
• Falling objects.
• Wind and hail.
• Weight of ice and snow.
• Damage from wild or stray animals.
• Burst pipes.

When selecting a limit for this part of your policy, you want an amount high enough to replace your mobile home if it’s destroyed. You may be able to buy extended replacement coverage in case rebuilding costs more than you expect.

Other structures coverage

Other structures coverage pays to repair a fence, shed or other structure that isn’t attached to your home if it’s damaged by an event your policy covers.

Personal property coverage

Personal property coverage pays to repair or replace furniture, electronics and other belongings if they’re damaged or stolen.

A standard mobile home policy will typically cover your items on an “actual cash value” basis. That means it’ll pay the estimated amount your belongings were worth at the time of the claim, minus your deductible. To receive enough to buy brand-new items, you may want to upgrade to replacement cost coverage.