Coldwell Banker Realty Center Harbor NH
If you live in a mobile home, you'll need specific mobile home insurance rather than a traditional homeowners insurance policy. But what exactly is mobile home insurance, and how is it different?
Here is a quick guide to the important facts about mobile home insurance:
Mobile home insurance is required by mortgage companies for loan approval. So, if you're trying to get a mortgage, it's in your best interest to research your options for mobile home insurance companies and find a good fit. However, it may not be mandatory otherwise.
Mobile home insurance policies have the same components as traditional homeowners insurance: dwelling, other structures, personal property and liability coverage.
Both mobile home insurance and manufactured home insurance policies cover a list of events known as perils. While there's a long list of perils included, your mobile or manufactured home might need additional policies for certain weather or natural disasters. Generally, these are the events requiring supplemental or separate coverage:
To find out what a covered peril is, check with your insurance company. Often, you can get an additional policy for one of the above events added onto your regular policy for a discounted rate.
While not strictly required, mobile home insurance is one of the best ways to protect your property and assets. Consult an insurance provider to learn your best options for financial coverage.
My husband and I have been residents of NH since 1994, owning property in the Lakes Region since 2002 and having the privilege of living full time in our beautiful Lakes Region since 2014. Previous to moving to NH, we lived in the Indianapolis, IN area for 10 years. You deserve a realtor committed to showing respect for and understanding of your needs, regularly communicating with you, and successfully moving you through the selling and/or buying process. I look forward to meeting with you to discuss your real estate needs.
