Choosing a Policy for Your Mobile Home Insurance

Choosing a policy for your mobile home insurance is necessary to protect you against loss or damage to your home and personal belongings. Understanding what to look for in a policy will help you make the right choice for maximum protection. Not having a policy is a risky proposition and will leave you vulnerable to fire, theft, natural disasters and lawsuits resulting from injury to guests.

Replacement Costs

The best coverage option is the replacement of your mobile home, appliances and personal belongings. You'll need to total the value of what you own and buy insurance that covers what it would cost to replace it. The land itself is not so much as risk that you would need to buy coverage for it, unless you live in a rural community and want to replace livestock and agriculture on your property.

Liability Coverage

You could be held liable for injuries caused to visitors to your home. Make sure that any mobile home insurance you purchase includes liability coverage to protect you. For example, if someone slips and falls on your doorstep, you need to be prepared to pay for medical expenses. You can't afford to not have liability coverage, because one accident could cost your life savings.


Another determination you'll have to make is how much you'll pay for damages before your insurance company pays the balance. This is known as your deductible, and the amount you pay is up to you. Keep in mind that you'll pay less in premium payments if you choose to pay a higher deductible. For example, you could put away $2,500 (or work towards it) for your deductible payment and pay less in monthly payments for your mobile home insurance, and get a discount for agreeing to pay a higher deductible. Some companies may also require a separate deductible for natural disasters that occur often in your area, such as an earthquake deductible.


If there's an opportunity to get a discount on your mobile home insurance, take it. Your agent may not ask you, so it's up to you to find out what discounts might apply. Check with all of the groups and associations you belong to, and see whether they have an arrangement with your insurance company to offer discounts to members. Ask the agent who's handling your application what discounts may apply. For example, if you're buying insurance from the company that holds your car insurance policy, you may be eligible for a discount. You might be eligible for a discount for other considerations, such as your age. For instance, an elderly home owner can get a discount with many insurance companies.

It's important to compare prices on mobile home insurance to get the best deal possible. With that said, you don't want to focus on price alone, but on company ratings. It won't do you any good to buy insurance at a cheaper rate from a company that won't be in business down the road if you file a claim. Make sure that the company has a solid reputation and has an "A" or above rating. Get at minimum three quotes to help you make a decision.