Home & Real Estate

What Should You Know About Insurance for Mobile Homes?

You’re standing in front of your ground-based home, peering closely at the interior walls. You see some discoloration and cracks in the drywall. Then, without warning, the structure cracks and crumbles to the ground.

This scenario may sound scary, but it can happen with any house built from traditional materials. 

Are you currently living in a traditional home? If so, you owe it to yourself to look into mobile homes, such as those offered by Leisureland RV Center. Here’s where you can see their selection.

Of course, that goes without saying that you need insurance for mobile homes, and that’s what we’re going to help you with through this guide. Read on. 


The Different Types of Mobile Home Insurance

There are different types of mobile home insurance, including fire and extended dwelling coverage, sewer and water backup coverage, replacement cost coverage, and more.

Each type of coverage has different benefits and features, so it’s important to choose the right one for your needs. For example, fire and extended dwelling coverage is the most basic type of mobile home insurance, and it covers damage from fires, hurricanes, and other disasters.

The Cost of Mobile Home Insurance

Mobile home insurance rates can vary widely, but as a rule of thumb, expect to pay about two to four percent of the total value of your mobile home in insurance premiums each year.

That means, if your mobile home cost you $50,000 to build, you’ll pay $1,000 to $2,000 in annual insurance premiums. Some mobile home insurers  offer discounts for features like security alarms and deadbolt locks.

Insurance for a mobile home is typically cheaper than that for regular homes. 

Tips for Mobile Home Insurance Shopping

As you shop for mobile home insurance, keep in mind that not all insurance policies are the same. You’ll want to make sure you’re getting the coverage you need at a price you can afford.

Here are a few things to consider when shopping for mobile home insurance: 

The Value of Your Mobile Home

Your insurance policy should cover the replacement cost of your mobile home, minus the deductible. 

Your Personal Belongings

Most policies will cover the contents of your home up to a certain limit. If you have high-value items, you may need to purchase additional coverage. 

Your Liability

Mobile home insurance typically includes liability coverage, which can protect you if someone is injured while on your property. 

The Location of Your Home

Your premium may get affected by the location of your mobile home. If your home is located in a high-risk area, you may pay more for insurance.

Find the Best Insurance for Mobile Homes

Just because your home is mobile doesn’t mean it can’t be insured, or that it can’t be insured to your utmost satisfaction. As you can see, there are a few factors to be considered, but nothing unreasonable or difficult to appreciate.

That said, shop for the best insurance for mobile homes and make it a point to compare different plans. It’s the only way to know which one is best for you.

For more practical advice or guides on just about anything, keep browsing our blog!