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How to find the best mobile home insurance companies

Fact-checked with HomeInsurance.com

    Article Highlights

    If a mobile home purchase is in your future, understanding your options for the best mobile home insurance will prepare you for securing the right coverage. But buying this coverage for mobile homes is different than purchasing a policy for a single-family home or condo. Before you sign on the dotted line, understand what you are getting with mobile home insurance in terms of personal property, liability and other coverage categories.

    What is mobile home insurance?

    A mobile home, also referred to as a manufactured home, is built at a manufacturer and delivered to a homesite. Because mobile homes are quite different from houses and condos built on-site, there are unique features which means the insurance needs are different. 

    Mobile home insurance does have some similarities to a homeowners insurance policy. If your mobile home is damaged, your insurance policy offers coverage to help lower what you have to pay out of pocket for repairs. Mobile home insurance comes with two main categories of protection: personal liability coverage, which protects you from lawsuits related to injuries or damage to another’s property that you cause, and dwelling coverage, which applies to damage to your structure.

    When you purchase a policy, you’ll buy one that is specific to the needs of your home. Each “policy form,” as they are known, has a unique set of coverages and applies to different types of properties. In a nutshell, here is what to expect with each policy form.

    • HO-1: An HO-1 policy is the most basic homeowners insurance policy and only provides coverage for damage from 10 specific peril events. 
    • HO-2: An HO-2 policy expands the list of covered peril events and also includes coverage for your structure, basic liability, and personal property coverage. 
    • HO-3:  The most popular policy option, HO-3 policies provide expanded liability coverage, medical payments to others and additional personal property coverage. 
    • HO-4: This is typically a policy for renters because it offers liability and personal property coverage, but does not cover damage to the structure of your property.
    • HO-5: This is similar to an HO-3 policy, but broadens the coverage on the dwelling and personal property to include any incidents that are not specifically excluded.
    • HO-6: This is a condo insurance plan and is similar to an HO-2 policy. HO-6 policies often include dwelling damage from the walls in, since some condo owners are expected to cover the interior of their units.
    • HO-7: This policy is specific to mobile homes and includes dwelling coverage and personal liability. If you are seeking coverage for medical payments, personal property or loss of use, you may have to purchase those coverages separately. 
    • HO-8: This policy is written for older homes and has the same coverage levels found in an HO-1. Claim payments for damage to the structure of homes insured on HO-8 policy forms usually have deprecation taken out due to the age of the home.

    Mobile homes are grouped separately because carriers consider them riskier to insure. Since mobile homes are not secured to a foundation like single-family homes are, there is a higher chance of damage and theft. 

    Dwelling 

    Dwelling coverage refers to coverage for the actual structure of your mobile home and any permanently attached structures, like a deck. This coverage is for any damage from a covered peril event, such as fire or hail damage. Like a homeowner’s policy, there is a list of covered and excluded events that cause damage.

    Personal property 

    This coverage pays for repair or replacement if you have personal property damaged or stolen. For instance, if your furniture or electronics are damaged due to fire, your personal property coverage might help you with the financial burden of repairing or replacing them.

    Liability 

    Liability coverage is there to protect you if someone who does not live with you is injured on your property. This includes medical payments for the injured person and any legal costs associated with a claim. Liability coverage may also include coverage for damage that you cause to someone else’s property.

    Loss of use

    If your property is damaged or destroyed and you are displaced during repairs, loss of use coverage might provide financial assistance. You may receive partial reimbursement for hotel stays, temporary housing, meals and other expenses associated with moving out temporarily.

    Mobile home insurance cost

    The cost of mobile home insurance varies from one owner to the next. In the same manner, your quote varies from one insurance carrier to the next. There are numerous components involved in calculating insurance cost.

    FactorImpact
    Claim historyIf you have submitted several claims in the past for your properties, you may be considered a higher risk by insurance carriers. 
    Coverage limitsThe coverage amounts and policy limits you select affect the pricing. For instance, if you add loss of use and expanded liability, your premiums will generally be higher.
    LocationAverage rates vary depending on the state and city that you live in. This includes how prone the area is to natural disasters, crime, proximity to a fire station and flood risk.
    Model yearThe older your mobile home, the increased likelihood of a structural issue. Older units tend to be more expensive to insure.
    SkirtingSkirting covers the space between the ground and your mobile home. It has added safety benefits which can lower your premium.
    Tied-down foundationThis anchors your mobile home and provides added stability to your unit, which can make your premiums less expensive. 

    How to find the best mobile home insurance company

    Finding the best mobile home insurance company for your needs doesn’t need to be a chore. Here are some steps you can take to narrow down your options.

    • Compare quotes: Comparing quotes from multiple companies is one of the best ways to find the policy to fit your needs. Rates vary among companies.
    • Compare coverages: Companies frequently offer various coverage options. Along with comparing the price of quotes, compare the coverages that are available. Specific coverages you need are not always available with every company. 
    • Check for financial stability: Select a carrier with strong financial benchmarks, such as a high AM Best financial rating. This indicates the ability of the carrier to pay out claims.
    • Research customer service ratings: Look for carriers with positive customer service ratings and read reviews regarding personal experiences.
    • Ask about discounts: Mobile home owners may be able to save money on their premium with various discounts, such as bundling discounts, safety discounts for a security system, new roof discounts and more.
    • Assess digital policy tools: If managing your policy on your phone or online is important to you, look for a carrier offering digital options. Many carriers allow you to buy mobile home insurance online for added convenience.

    The takeaway

    • Mobile home insurance is similar to homeowners insurance but with key differences. A standard policy only includes dwelling coverage and personal liability.
    • If you want to add personal property coverage, medical payments for others and loss of use, you’ll need to request for those coverages to be included on your policy.
    • Several factors influence your rates for mobile home insurance, including the home’s age, location and safety features.
    • Compare multiple companies and rates, customer service, financial ratings, discounts and digital assets to select the best insurance company for your needs.

    Mobile home insurance includes similar protections and coverages as traditional homeowners insurance, but with limitations. While dwelling coverage and personal liability are included, if you want loss of use, personal property coverage and medical payments, you’ll need to add those coverages on. Many factors influence the cost of mobile home insurance, and it’s in your best interest to compare multiple carriers for the best coverage and rates.

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