Are you in need of a mobile home insurance policy in Spokane, Washington? Mobile homes are increasingly becoming the affordable option for people who want to own their own dwelling but aren’t comfortable paying the market rates for a stick-built home. Of course, mobile homes can come with certain challenges, like trying to figure out what types of insurance to purchase in order to be fully covered in the event of an accident, unforeseen incident or weather event. The good news is that mobile home insurance can help financially protect you against certain types of damage. Let’s take a look at what mobile home insurance includes and if mobile home insurance is required in Washington State.
What Is a Mobile Home?
Mobile homes are movable dwellings that are manufactured in a factory. These types of homes contain axels and wheel hub assembles so that tires can be attached to them. They’re often referred to as trailers because they resemble the trailers pulled by semi-tractors. In fact, it takes the power of a tractor to pull a mobile home down the road to its destination. Once they get to their destination, they must either be parked and strapped down, or they must be placed on a foundation. The former is typically used when the mobile home owner rents land, and the latter is typically used when the owner of the mobile home owns the land where it will be placed.
Must Mobile Home Owners Have Mobile Home Insurance?
Mobile home insurance is not required by law. However, if the owner of the mobile home financed the purchase, the bank or lender may require that the owner have a certain amount of insurance on the mobile home to ensure that it gets fixed or replaced if it is damaged by a covered event.
Mobile home owners, who have made their last loan payment or paid cash for their dwellings, may also want to keep a certain amount of insurance on their homes in order to financially protect themselves if the home encounters expensive damage via a covered cause.
What Is Mobile Home Insurance?
Mobile home insurance is a type of homeowners insurance, and the coverages are similar to the insurance products for stick-built or site-built houses.
Mobile home insurance covers:
- The Dwelling – If the mobile home were to become damaged by a covered event, the owners could file a claim with the insurance company to get the money they need to replace or repair the mobile home.
- Accessory Buildings – Mobile home insurance typically covers accessory buildings, like sheds.
- Occupants’ Personal Belongings – Mobile home insurance covers the personal belongings of the occupants. This includes electronics, clothing, jewelry and furniture.
- Liability Coverage for 3rd Party Personal Accidents – If someone gets injured or their property is damaged in your mobile home, your mobile home insurance is designed to help pay for the damages.
- Loss of Use Coverage – If your mobile home is damaged by a covered event to the point where you can’t live in it until the repairs have been completed, your mobile home insurance’s loss of use coverage can help pay for your extra living expenses.
- Coverage for Medical Payments – If one or more people happen to get injured while visiting your property, this coverage helps pay any medical expenses.
Coverages that You May Want to Consider Adding to Your Mobile Home Insurance Policy
For some mobile home owners, the standard insurance isn’t enough to feel fully covered. The good news is that you can add additional types of insurance coverage.
Mobile Home Replacement
Depreciation can greatly affect your claim payout when your mobile home is a total loss. Mobile home replacement coverage can help you by making sure you can afford a similar mobile home if yours is a total loss due to a covered event.
Transport Collision Coverage
Transport collision coverage covers you when your mobile home is being moved. If your home is damaged in an auto accident while it is being transported, transport collision coverage helps repair or replace the home.
Items Not Typically Covered Under a Mobile Home Insurance Policy
When you purchase mobile home insurance, it’s important to understand what’s not included or covered under your policy. Most mobile home insurance policies do not cover wet or dry rot, flooding, water leaks, normal wear and tear, damage caused by lack of maintenance or certain types of pest damage.
Fully Cover Your Mobile Home with These Additional Insurance Types
Depending on where you live in Spokane County or Washington State, you may want to consider getting flood and earthquake insurance.
Flood Insurance
In addition to your mobile home insurance policy, you may want to consider getting a flood insurance policy if your mobile home is located near a lake, stream or river in Spokane County, or if you’re located on the Washington coast.
Earthquake Insurance
Earthquake insurance may also be a good idea since Washington State experiences an average of 83 earthquakes a month or 1,000+ per year.
Affordable Mobile Home Insurance from Boyd Insurance Brokerage Inc. in Spokane, Washington
If you own a mobile home in Washington State, you should consider getting an affordable mobile home insurance policy. At Boyd Insurance Brokerage Inc., we can help you find a policy that meets or needs and satisfies any requirements that your lender may have.
To get a quote for mobile home insurance, give us a call at 509-340-2693.
