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Modern mobile homes are often indistinguishable from traditional houses, boasting expansive floor plans, luxury materials, and charming exteriors. However, they’re built to a different set of standards than homes with foundations, making them more vulnerable to risks. If you live in a mobile home, you might have some questions about finding the right insurance policy. Use this guide to learn more about your options. 

What to Know About Mobile Home Insurance 

What does mobile home insurance cover?

Mobile home policies protect against most of the perils covered by traditional dwelling insurance. These include fire, wind damage, hail storms, and falling trees. Most mobile home policies also include liability protection, which shields you from lawsuits if someone is injured on your property.

Do I need mobile home and modular home coverage?

insuranceMobile and modular homes are both built off-site, but there are fundamental differences that affect the type of coverage you need. Modular homes are typically delivered in pieces, which are then assembled on top of a foundation. Agencies often treat them similarly to traditional properties. 

On the other hand, mobile homes are anchored to the ground for stability, which makes them more vulnerable to certain types of damage. If you have a mobile home, you don’t need to add modular home coverage to your policy.

Is flood damage covered?

Floods can be catastrophic events, especially for those who live in mobile homes. Unfortunately, most policies don’t cover damage caused by rising groundwater. If you live in a high-risk area, you’ll likely need to purchase a separate flood policy.

Is mobile home insurance required?

While coverage isn’t mandated by law, your lender will likely require you to carry a comprehensive policy as a condition of your loan. Even if you own the home, having coverage provides priceless peace of mind and protection for your most valuable asset.

 

Since 1945, the experienced agents at Reid Insurance Group have provided personalized solutions to mobile home owners throughout southeastern New Mexico and west Texas. Based in Lovington, NM, they work with a variety of the industry’s leading carriers, and their team will sort through the options to find a policy that’s right for you. Visit their website for more information on their extensive array of services, or call (575) 396-3645 to request a quote.

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