A mobile home is a home with only one level and sits on a technically moveable chassis. If you live in a mobile home, you can get an insurance policy to protect your home. A manufactured home that fits the same criteria would also qualify for a mobile home insurance plan. This insurance policy is similar to but slightly different than a homeowner's insurance policy. A mobile home insurance policy will cover five different general areas.

#1: Dwelling Coverage

Dwelling coverage is at the heart of a mobile home insurance plan. Dwelling coverage means that your insurance policy will pay to fix the damage if a covered event does damage to your home. Therefore, you want to ensure that your dwelling coverage limit is high enough to cover the full cost of replacing your mobile home in the event that it is completely destroyed.

#2: Other Structures Coverage

Often, a mobile home is situated on a piece of property, where you may have other structures. Other structures include things such as a carport, a standalone storage shed, or a fence. These structures are covered for the same events as your dwelling, and your insurance will pay to replace these items up to a set amount if they are damaged.

#3: Personal Property Coverage

The personal property portion of your coverage is designed to cover the personal items you have inside of your mobile home. With most basic mobile home policies, you will be paid the actual cash value of your items, which is what the items were worth at the time you make your claim. That means your television, for example, is not going to be paid out in a claim for the amount that you paid for, but for its value taken into account depreciation.

If you want to get the amount of money that it would take to replace your personal property with brand-new items, you will want to see if you can upgrade your policy so you have replacement cost coverage instead.

#4: Liability Coverage

If someone is hurt when they are visiting your mobile home, your liability coverage will pay their medical bills, and if they sue you, your coverage will pay your legal bills. This also applies if someone is hurt on your property where the mobile home resides.

#5: Additional Coverage

Sometimes, there may be additional coverage that you can add to your policy. For example, you may add on additional living expenses, so accommodations are paid for if you have to be out of your home during repairs for a covered event. Or you can add on trip collision coverage if you are moving your mobile home to cover damage during the moving process.

If you have more questions about what is and what isn't covered by mobile home insurance plans, ask a local insurance agent. This is smart insurance to carry to protect your mobile home and yourself.

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