What Is Mobile Home Insurance and Is It a Necessity in Missouri?

Mobile homes can offer an affordable and convenient path to homeownership and typically entail many of the same advantages and securities as purchasing a house traditionally built on location. On the flip side, owning a mobile home also involves accounting for many risks and exposures, as you and your residence must constantly consider various potential incidents and perils. Fortunately, mobile home insurance can help.

How Does Mobile Home Insurance Work?

Also known as manufactured home insurance, these policies offer a specialized form of coverage similar to standard homeowners insurance but tailored specifically for these types of homes. Like many types of insurance, your policy is a contract that demonstrates an insurer’s willingness to help pay for covered losses. In exchange, you pay regular premiums and must typically meet your deductible, which is a minimum out-of-pocket amount you contribute before receiving a payout.

What Can Policies Cover?

Mobile home insurance can be crafted with your personal needs and preferences in mind but typically includes the following:

• Dwelling coverage can help pay for repair or rebuild costs if your home is damaged by a covered peril, such as fire or vandalism.

• Other structures coverage can offer financial aid for damage sustained by detached structures on your property, such as a garage.

• Personal property coverage may assist with repairing, replacing or restoring your belongings.

• Liability coverage may offset third-party losses for which you’re to blame, such as if you cause someone else’s injuries or damage their property.

• Loss-of-use coverage can compensate you if you must temporarily vacate your home and pay for additional living expenses, such as hotel accommodations.

Is Coverage Required in Missouri?

There are no sweeping laws regarding mobile home insurance in Missouri. However, mortgage lenders typically require you to carry coverage to protect their own interests. Additionally, some mobile home communities may mandate insurance as a condition of residency. Regardless of formal obligations, you should consider investing in a suitable policy, as failing to do so could leave you facing significant out-of-pocket losses and perhaps even without a roof over your head.

We’re Here to Help

Contact Bargain Insurance Connection in Kansas City, Missouri, today to learn more about mobile home insurance options near you or to get a free quote.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.