Mobile Home Insurance in Maine
Allen/Freeman/McDonnell Agency
Mobile Home Insurance
- What Is It?
- Who Needs It?
- Coverages Offered
Mobile home insurance is a specific type of homeowners insurance for mobile or manufactured housing. It takes into account how these homes are constructed and valued.
Most Maine residents who own a mobile or manufactured home should have manufactured home insurance. Policies are available for single-wide, double-wide, and other factory-built housing.
- Dwelling Coverage
- Personal Property Coverage
- Loss of Use Coverage
What is mobile home insurance?
Homeowners insurance should be tailored to the type of housing a person owns. For Maine residents who have mobile homes, the right choice is usually mobile home insurance.
Mobile home insurance is a specific type of homeowners insurance for mobile or manufactured housing. It takes into account how these homes are constructed and valued.
Who homeowners in Maine is manufactured home insurance for?
Most Maine residents who own a mobile or manufactured home should have manufactured home insurance. Policies are available for single-wide, double-wide, and other factory-built housing.
For those whose mobile home is their primary residence, insurance is especially recommended. It’s often required if the housing is leased, and important if the home is owned outright. Losing a primary residence in a fire or storm would be absolutely devastating.
Occasionally, people who own an inexpensive mobile home as a secondary residence might be tempted to forgo insurance. Liability insurance is generally still extremely important, however, and property protections are often still broadly recommended. An accident on the property could result in an expensive lawsuit. Replacing a home that’s a total loss would be costly, even if the destroyed one isn’t worth as much as a new model.
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What insurance protections should mobile home owners look for?
Most homeowners policies, including most manufactured home policies, include protections for the structure and other protections. It’s important to consider the multiple types of protections when choosing a policy. Some that may be particularly important include:
- Dwelling Coverage: Might insure the mobile or manufactured home itself, covering damages resulting from a range of perils.
- Personal Property Coverage: Might insure belongings located within the mobile home or on its lot, covering damage or loss.
- Loss of Use Coverage: Might insure certain incurred living expenses, such as food and lodging, if the mobile home becomes uninhabitable due to a covered event.
- Personal Liability Coverage: Might insure against various liability lawsuits that could be filed against the homeowner or their family.
Personal liability coverage could apply to everything from a guest tripping on the front steps, to a dog biting a passerby at a park. It might even cover defamatory statements family members post on social media.
An insurance agent who specializes in manufactured home insurance can explain a policy’s specific protections in more detail. They can also help residents consider whether any other coverages make sense for them.
Are floods covered by manufactured home insurance?
Manufactured home policies generally don’t cover flood damage. Homeowners concerned about flood risks should consider separate flood insurance, which can often be obtained through the National Flood Insurance Program when it’s needed. A knowledgeable agent can check whether an NFIP policy is available for a specific residence.
What does HO-7 mean on a manufactured home insurance policy?
HO-7 is the standard industry designation for manufactured home policies, which may be used to insure mobile or manufactured homes. Most homeowners policies are abbreviated with “HO” followed by a number.
Are manufactured home and mobile home policies different?
HUD maintains a technical difference between mobile housing and manufactured housing. Mobile homes are those built prior to June 15, 1976, and manufactured homes are those built after the date.
For the purposes of insurance, there’s generally no material difference between the two terms. The same types of policies can usually cover both mobile homes and manufactured homes.
How much does it cost to insure a manufactured home?
The cost of insuring a manufactured home varies, but it tends to be less than insuring a traditionally built house costs. An independent insurance agent can check exactly how much insuring a manufactured home will be.
How can Maine Residents get mobile home insurance?
If you need to insure a mobile or manufactured home, reach out to the independent insurance agents at Allen Freeman McDonnell Agency. Our Maine agents can compare mobile home insurance policies from several insurance companies, to find you the best policy for your home.
