Manufactured home renters insurance is an affordable way to protect yourself and your belongings when you’re not living in your mobile home. It protects your investment from damage or destruction caused by natural disasters, accidents, vandalism, theft, and more. But did you know that manufactured homes are excluded from most standard home insurance policies? And what about renter’s insurance for mobile homes? Let us read about it more.
What Has Manufactured Home Renters Insurance?
Insurance protects the structure of your home and its contents from loss or damage due to perils covered by the policy. Popular perils include fire, theft, storms, and earthquakes. Some policies will also cover the structure of your manufactured home, but many will not.
If you own a manufactured home, you may be able to add coverage for your home’s structure and contents with a separate policy. Some homeowners find that an additional policy is worth the cost because it can provide more coverage. For example, some insurance policies exclude damage to your home caused by wind or water damage. But if your policy also covers wind or water damage to your manufactured home, those perils are covered.
Why Do You Need Renters Insurance?
Mobile and manufactured homes are smaller and less expensive than traditional homes, which mean they are more likely to be damaged in a major accident or storm. Renters insurance can help protect you and your mobile home from damage or loss caused by these perils. A renter’s policy offers a basic form of coverage. You’d likely be disappointed if you were to file a claim with a policy like this. You generally won’t be able to replace many of your personal belongings, and you may have to pay for the repairs out of your pocket.
Tips For Purchasing Insurance For Your Home
- Make sure you understand what’s covered and what’s not with a renter’s policy before you buy it.
- The policy should provide general information about the coverage and a list of what is and is not covered in your home.
- You can determine the coverage you need by determining what would be covered if something major happened in your home.
- For example, if a tree branch and your manufactured home, how much would it cost to fix it?