There are many reasons why people choose to buy a mobile home over other forms of residential real estate. Though it can be more cost-effective and come with fewer responsibilities than a single-family home, owning a mobile home still requires the purchase of insurance. Mobile home insurance is similar in most ways to a traditional homeowner’s policy, but it does have some important differences. Alcorn Insurance is Chama, NM’s leading independent insurance agency with numerous years of experience helping mobile home owners get the protection they need.

Here are a few important facts about mobile home insurance:

• Why Is Mobile Home Insurance Necessary? Not only is it illegal in most states not to have mobile home insurance, but it’s also risky. Mobile homes aren’t built on a solid foundation or with the same heavy-duty materials of a conventional home, making them more vulnerable to damage. They also have a higher likelihood of getting broken into and having property stolen.

• What Does Mobile Home Insurance Cover? Specific elements of mobile home insurance policies may vary depending on the state and the insurance carrier. However, all should include coverage for repairs or loss of the structure, liability for injuries or property damage that occurs on the premises, and theft or destruction of personal belongings.
• What Should You Know When Shopping For Mobile Home Insurance? Even though they are frequently referred to in the same category, mobile home insurance is not the same as modular home insurance. Based on the area of residence, some policies exclude coverage on floods and wildfires. The amount of coverage purchased should take into consideration the value of the mobile home and the owner’s possession, as well as what it would take to protect assets in the event of a lawsuit.

The good news is that mobile home insurance is often less expensive than other homeowners insurance policies. Call Alcorn Insurance at (575) 756-2197, or visit their website for more information on obtaining affordable insurance.