Mobile Home Insurance in 2021

Mobile homes have jumped to fame. Low-cost, yet efficient alternatives to stick-built houses, mobile (or manufactured) homes are produced in sections in a factory and then transferred on wheels and installed at their final location. If you want to get your mobile home insured, here is a roundup of the best insurers to consider this year.

Much cheaper than site-constructed houses, mobile homes allow you to have more useful space for your money and can be fairly easily transported to another spot if you decide to move to another region.

Factory-assembled, mobile homes are constructed in well-controlled environments and are built to comply with federal (HUD) building codes. Such lodges often come equipped with a movable steel chassis and, if necessary, can be installed on a basement or crawlspace.

Finally, there are no construction delay issues with such houses, because the production is put on auto-pilot in a factory, and you will get a new-span den just as scheduled.

Fabricated homes are also an option for those who own or lease land but cannot afford to buy or build a full-fledged ground-based house, as well as for those who are unsure whether they want to own or lease land in the long run, or do not want to commit to building a stick-built house now.

That being said, off-site manufactured houses are very popular, and if you want to purchase or already own one, you may be looking for the best mobile home insurance to safeguard your investment in case of accidental damage or homeowner liability claims. Here are the picks of the most trusted carriers who will be glad to underwrite such a policy for you.

GEICO

A titan of the insurance business in the USA, GEICO has a solution for all your insurance needs, including getting coverage for your mobile or manufactured dwelling. You can apply for a policy online, effortlessly customize the insurance plan and pick a payment regime that does not break your bank.

A standard mobile home insurance policy from GEICO will protect your property against such perils as fire, windstorm, falling objects, lightning, explosions, as well as your homeowner’s liability. Most of the contents will also be covered, including electronic gadgets, major appliances, furniture, clothes, unattached structures that also belong to you, medical and legal bills of your visitors if they get hurt on your mobile property.

You can take the insurance further and upgrade to optional coverage that will pay out for sports equipment and musical instruments. You can also buy a separate flood insurance policy for your movable home.

Allstate

A company geared toward specialized coverages, Allstate is a major player in the insurance market, which earned overall appreciation thanks to its competitive rates and a slew of nifty discounts for different categories of enrollees.

Standard mobile home insurance from Allstate will comprise:

Dwelling coverage – covers the physical building of your mobile home, like the walls, windows, doors, etc.
Personal belongings – protects items inside your property, including furniture and electronics, even if they are stolen or damaged outside the house’s confines.
Additional structures – covers structures on your property that stand separately from your mobile home, like a shed.
Visitor medical protection – pays out toward treatment expenses for a person who suffered on your property.
Liability protection – protects you if someone sues or submits a claim against you after being injured on your property or due to your homeowner’s negligence.

Many factors can make you eligible for a weighty price break on mobile home insurance for Allstate, including being an original owner, holding multiple policies from this company, installing protective devices on your property, being a senior or retired enrollee.

Foremost

Foremost touts itself for being the pioneer in offering mobile home insurance in the country. The company has been underwriting such policies for more than 70 years and gained a reputation as a trustworthy dealer.

Your mobile home insurance options will include:

Comprehensive – offers protection for the most notorious perils, including fire, explosion, natural phenomena like wind or hail, vandalism, landslide, falling objects, explosions, burglary, robbery, damage from bad pipes, damage caused by wild or stray animals, collapse from the weight of ice and snow.
Optional Replacement Cost – this coverage will pay out the sum equal to the cost of replacement for the ruined items, without value depreciation.
Agreed Loss Settlement – allows you to get the full amount of your insurance (a deductible applies) if your accommodation gets totally destroyed.
Liability – covers you against situations when you are held liable as a homeowner.

You can personalize your insurance plan by adding various extras, such as coverage for additional living expenditures, spoiled food, trips when moving your home, and many other useful add-ons to perfectly meet your life circumstances. Moreover, Foremost partners with AARP and USAA, so members of these organizations can expect highly attractive rates on mobile home insurance.

Progressive Corporation

One of the oldest and largest insurers in America, Progressive also sits firmly in the Fortune 500 list of the richest US corporations. Of course, such an industry giant does offer insurance schemes for factory-built abodes.

Progressive’s standard mobile home insurance coverage will embrace the physical structure, belongings (appliances, furniture, clothing, electronics), personal liability, additional living expenses. You may also be able to add various extras to your main policy, like replacement cost coverage (which allows you to repair or replace your belongings without depreciating their value) or trip collision coverage.

A single deductible benefit is a cool bonus from Progressive. If you bundle your mobile home and car insurance, and a claim applies to both properties (for instance, when a heavy hailstorm ruins your house's roof and your auto’s windshield), you will pay only one deductible, but get both objects repaired. The company offers plenty of other money-saving perks for customers.

State Farm

Another big name in the trade, State Farm is a smart choice when it comes to insuring your mobile or manufactured residence. The company’s mobile home policies provide accidental, direct physical loss to your home and personal possessions, namely covering the dwelling, personal property, additional living expenses, and homeowner’s liability. If you rent out your mobile home, and it gets damaged by the named peril, your policy will also help to compensate for the lost income.

The coverage of a single policy is quite broad, still, not overwhelming, and fails to cover all the losses you may incur. For instance, damage caused by flood, underground waters, or leakages of water or steam is never reimbursed by State Farm. Neither is the loss caused by tear, wear, deterioration, or mechanical breakdown. If insects, birds, or rodents have compromised the safety and stability of your mobile home, the company may also deny your claim. Coverage exclusions always go in that nagging fine print and often slip through the crack. Read what you sing.

The provider offers a host of discounts helping you to keep your mobile home insurance premiums law. These include discounts for outfitting your home with alert systems, insuring a newer home, being a loyal State Farm client, etc. You can also customize your policy to fit your needs and budget, without paying for what is unnecessary.

Mobile residences are subject to different types of risks compared to stick-built mansions, which is why your traditional homeowner’s insurance does not apply to a factory-constructed property. A mobile home is meant to be easily portable, and, though they conform to the building codes, they are quite vulnerable in front of natural caprices, such as tornadoes. A mobile home is also at great risk of being damaged when relocating to another place. To protect your investment, you want to consider buying a mobile home insurance policy that is specialized to address the needs and concerns of the homeowner.