Mobile homes are an affordable and convenient housing option for many people. Just like traditional homes, mobile homes are susceptible to various risks, such as fire, theft, and natural disasters. It’s important to have the right coverage to protect your investment. Read on to learn more about mobile home insurance. 

How is Mobile Home Insurance Different from Homeowners Insurance?

What does mobile home insurance cover?

Similar to traditional home insurance, mobile home insurance provides coverage for damages to your mobile home caused by covered events, such as fire, theft, vandalism, and natural disasters. It also includes liability coverage in case someone is injured on your property. Some policies may offer coverage for personal belongings and living expenses if you have to temporarily relocate due to damages to your mobile home. Mobile home insurance policies may include coverage for damage caused by transportation, as well as liability coverage for accidents that occur on the property.

What are the types of mobile home insurance?

There are two types of mobile home insurance policies: actual cash value (ACV) and replacement cost coverage. ACV policies provide coverage for the current value of your mobile home, taking into account depreciation. Replacement cost coverage, on the other hand, provides coverage for the cost of replacing your mobile home with a similar one, without factoring in depreciation.

Will homeowners insurance cover my mobile home?

Homeowners insurance policies are designed to cover traditional homes and their structures, not mobile homes. Mobile homes tend to have a higher rate of risk for wind and fire damage, so their coverage and cost are very different than their more traditional counterparts. It's important to get a policy that is tailored to your home's needs, regardless of what form it may take. 

If you’re a mobile home owner in Sibley, IA, Farmers Mutual Insurance Association Of Osceola County can help you find the right insurance coverage for your needs. As a local insurance company, they understand the unique risks that mobile home owners face and can provide personalized solutions to protect your investment. Contact them today at (712) 754-3654 or visit their website to learn more about their insurance products and services.