How To Get Insurance For Your Mobile Home

How Does Mobile Home Insurance Work?
How do you insure a mobile home when you own the home and lease the land it sits on?

Further, is the same insurance available for mobile homes on leased land as there is for single family homes?

When working with clients who are new to the mobile home space, many times we are asked if mobile homes on leased land can be insured, and if so, what type of insurance is available for these homes?

For this blog, we will limit our conversation for what we at The Mobile Home Dealer specialize in which are mobile homes on leased land.

Mobile homes on leased land, as discussed several times through our previous blogs, are titled as used motor vehicles in the state of Florida and not as real estate since these homes come with titles for ownership and not deeds.

If a mobile home is sold with the land, either in a rural setting or in a resident owned community, then the home is then viewed as real estate and not personal property.

The opportunities for insurance coverage are much greater than that of a mobile home on leased land when you own real estate. What we have found in our experience within the mobile home space is that many times home owners of mobile homes on leased land will take out some type of liability coverage for their mobile home. Many times this will be for slip and falls, personal injury, or if someone got hurt while on their property.

This could cover the homeowner for a family member falling on a step if it was rainy and the step was slippery or if the delivery person slipped and fell when they were delivering a package to the front door. Obviously we hope that no one ever gets hurt on or around your property, but in the off chance they do, many homeowners will have this type of policy coverage for their mobile home in case a claim needs to be filed.

When we have mobile home owners who are looking for full coverage, just as if they were owning a single family home, they are usually surprised with how few other mobile home owners carry this type of coverage within the mobile home park they live in.

One of the reasons we have seen so few people having full coverage on a mobile home that is located on leased land is because mobile homes are much less expensive to repair than similar repairs for a single family home. To show this, I always like to give the example of damage to a mobile home car port. In this example, if someone you know took the turn too close while turning in to the car port of your mobile home and damaged a pillar, it usually is much cheaper to have that repair done with a local professional in cash, as opposed to filing the claim with your homeowners insurance policy.

The reason for this is that once the owner of the mobile home factors in the insurance policy deductible, as well as the possible increase in monthly premiums as a result of the filing, they may very well come out ahead if they would have just paid for the claim in cash, as opposed to filing it.

Home owners insurance on mobile homes located on leased land certainly is available. Although we are not insurance specialists by any means here at The Mobile Home Dealer, we strongly suggest that you do your homework on what type of coverage you select prior to obtaining your home owners insurance policy for your mobile home.

This is Mark Kaiser with The Mobile Home Dealer, and we help mobile home Buyers and Sellers get to a better place in life.
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