What Is Mobile Home Insurance
Texas state law does not require manufactured homeowners to have insurance. However, youll probably need it if you have a mortgage or live in a community requiring it. Regardless, its always good to protect your home with insurance.
Mobile home policies offer similar coverage to standard homeowners insurance. Typically, a mobile home policy includes the following coverages:
- Dwelling. Dwelling protects your home from common dangers like lightning, vandalism, fire, and falling objects. You should have enough coverage to replace your home completely.
- Personal property. The physical structure of your property isnt the only thing that makes your house a home. This part of your plan will cover furniture, appliances, clothes, and most other belongings.
- Liability.Liability covers legal fees if a guest gets injured on your property and sues you. It also helps pay for the injured partys medical bills. Generally speaking, $500,000 is the recommended liability coverage amount for mobile homeowners.
- Loss of use.If your home becomes unlivable, this coverage helps pay for hotels, meals, gas for longer commutes, and laundry costs.
Texas is a big state, meaning theres variation in what a mobile home policy covers. For example, the panhandle frequently experiences tornadoes, so your company might require you to buy additional weather protection if you live there.
Options For Insuring A Manufactured Home In Texas
Investing in manufactured home insurance can help protect your assets if you ever sustain damage or your personal property is stolen. Mobile homes are often less structurally sound than many traditionally built houses. They have less solid foundations, and theyre more vulnerable to weather damage.
To determine what protection you need for your mobile home, think about the replacement cost of the dwelling and potential repair costs. More expensive mobile homes usually cost more to insure. There are different factors for the cost of insurance for older mobile homes as well. Adding personal property protection will help you replace your possessions after damage. Most mobile home policies also include liability protection. This coverage protects you from legal action if someone gets injured or experiences property damage at your home.
What Does Mobile Home Insurance In Texas Cover
Mobile home insurance offers coverage that is similar to what a homeowners insurance policy provides. Both policies provide:
- Coverage for the physical structure
- Replacement for personal items
- Liability protection
Most Texas mobile home insurance companies allow policyholders to customize their policies through endorsements, which function as policy add-ons. The add-ons provide additional coverage that doesn’t come standard with a homeowners policy.
Additionally, most mobile home insurance companies in Texas allow policyholders to set custom coverage limits. Below, we provide descriptions of the main coverages of a mobile home insurance policy.
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Which Coverages Do I Need For My Mobile Home
While Texas state law does not require manufactured homeowners to carry insurance, you will probably be required to carry it if you have mortgaged your home or live in a mobile home community. Even if you keep your mobile home on your own private property, having insurance coverage for it is an excellent investment. When you are looking for mobile home coverage, you will want the following coverages:
Talk To The Professionals At Mobile Insurance
Preserve the investment youve made in your mobile home or commercial manufactured home business with the specialized experience of Mobile Insurance. As the nations leader in property and liability insurance for the manufactured housing industry, Mobile Insurance understands all the risks mobile home park owners, retailers and mobile home owners face.
Mobile Insurance also provides specialty insurance products for investment properties such as office buildings, strip centers, rental homes, self storage facilities and RV Parks. Should your property fall victim to the whims of Mother Nature or become damaged due to someones negligence, youll have the peace of mind with an insurance policy from Mobile Insurance.
Trust the representatives at Mobile Insurance to make the process easier in choosing the right insurance for you.
KARIE MARTIN
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Is Mobile Home Insurance Required In Texas
Texas does not require mobile homeowners in the state to carry a mobile home insurance policy, although those who finance their home will likely be required to have coverage. It may be difficult to find coverage for a mobile home built before June 1976. If you own or plan on purchasing a manufactured home, having coverage can provide useful financial protection against unexpected covered losses. For example, your home or property could be burglarized, catch fire, get damaged in a storm or experience on-site guest injury.
Mobile Home Insurance Rates In Texas
The cost of mobile home insurance in Texas depends on several factors, but often coverage is more expensive than typical home insurance.
Texas’ mobile home insurance rates vary depending on where your home is located, how old it is and the coverage you need. One of the largest factors impacting your mobile home insurance rate is your dwelling coverage limit. Below, we provide a sample quote for mobile home insurance in Houston, Texas, for multiple dwelling coverage limits.
Find Cheap Homeowners Insurance Quotes in Your Area
The best way to get cheap mobile home insurance in Texas is to shop around and compare quotes. You should be prepared to contact insurance companies by phone, as many companies don’t provide quotes online.
In terms of pricing, expect to pay more for mobile home insurance than you would for a standard homeowners insurance policy in Texas. That’s because mobile homes are more susceptible to damage and are therefore insured at a higher cost.
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Things To Consider About Mobile Home Insurance In Texas
Texas has a number of perils to which your mobile home may be vulnerable. Having mobile home insurance in Texas could help you rebuild without causing financial devastation. Common causes of loss include:
- Tornadoes: Texas frequently experiences tornadoes, with around 140-150 recorded occurrences each year. Mobile home insurance generally covers damages due to tornadoes.
- Hurricanes:Hurricanes and tropical storms can affect the state and your home. Hurricane Harvey in 2017 and Tropical Storm Imelda in 2019 caused devastating flooding throughout Texas. A policy can provide you with financial coverage if your home is lost or damaged by hurricane causes, although homes on the Gulf Coast do not include wind damage on policies. Instead, wind damage can be purchased from Texas Windstorm Insurance Association . If you live outside the designated areas, your policy will cover wind damage from hurricanes, regardless of the insurer. Additionally, flood damage is only covered if you purchased a separate policy dedicated to floods.
- Floods: There are a small number of flood zones in the state, but unexpected flood damage is possible. Flooding is not covered by a standard policy. Instead, you would need to purchase flood insurance, which costs about $700 per year.
Factors To Consider Before Buying Mobile Home Insurance
Use these factors to help you in your search for a mobile home insurance policy:
- Budget: Determining how much you can afford to spend each month on a policy will limit what companies you can buy from and what types of endorsements you can add onto a base policy.
- Travel Protection: If you want protection for your mobile home during transit, you can usually purchase travel protection. Both Foremost and American Family offer endorsements for this type of coverage.
- Lender Requirements: If you received a loan from a bank to purchase your home, they may have home insurance requirements. Touch base with your lender before buying a policy to ensure you meet their requirements.
- Safety Features: Mobile homes are more prone to extreme weather, theft, and fire. To minimize the amount of damage an event could cause, and to lower your premium, consider investing in safety features like smoke detectors, home security systems, and fire extinguishers.
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Manufactured Home Insurance In Texas
Are you looking to buy Manufactured Home Insurance for your Manufactured, Modular, or Mobile Home in Texas?
Manufactured Housing Insurance Services is the best choice for your mobile home insurance needs. We’ve been in business serving the manufactured home insurance community for over 40 years. If you are looking for mobile home insurance near me, please give us a call, toll-free at 866-644-7111, or use our fast quote form, and we will contact you with the lowest mobile home insurance costs.
Let’s get started! Please enter your Name and click “Start Quote”
MHIS exclusively provides manufactured housing insurance. Mobile Home Insurance, Modular Home Insurance, and Manufactured Home Insurance are all areas we specialize in. By focusing on manufactured homes, we have a better understanding of this specific industry and a greater understanding of your needs.
Are There Manufactured Home Insurance Endorsements
There are other optional endorsements you can add to an HO-7 mobile home insurance policy to increase your home’s protection level. Some of the most common are:
Other structures: If you have a non-attached garage or tool shed on your property, you can add protection for the structures.
Additional living expenses: If your manufactured home is uninhabitable, the coverage pays for your living expenses at a hotel or rental while your home is replaced or repaired.
Earthquake, volcano or flood insurance coverage: If you live in high-risk zones, you can add an endorsement to cover damages from perils not typically included in a standard policy.
Water backup:Covers water damage caused by a broken sump pump or backed-up drain.
Scheduled personal property: Provides additional coverage for expensive items such as appraised jewelry, collectibles or antiques.
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Mobile Home Insurance Coverages
The following protections are included on most mobile/modular home policies:
Dwelling
If your home is damaged by a covered peril, dwelling coverage helps to repair or replace the physical structure.
Example: Your homes roof is damaged in a hailstorm. Dwelling insurance coverage can pay to repair your roof or replace it, if necessary.
Belongings
Your personal property, such as furniture, appliances, clothing and electronics, is covered up to a specified limit if lost or damaged in a covered incident. Keep in mind, if youre in possession of jewelry, expensive artwork, or any other valuables, you may have to schedule the item on your policy .
Example: There is an outbreak of burglaries in your neighborhood, and your laptop is stolen. Youre covered for the actual cash value of the laptop, minus any deductible and up to the coverage limits on your policy.
Liability
If a household member is responsible for someone elses injury or damaged property, personal liability coverage can cover you up to your policys limits.
Example: Your children are playing soccer in the front yard, and accidentally kick the ball through your neighbors stained-glass window. Liability coverage will pay to replace the window, up to the limits of your policy.
Loss of use
Also known as additional living expenses, loss of use coverage can pay for meals and hotel costs if cant live in your home because of a covered loss.
How Do You Get Mobile Home Insurance
When shopping around for mobile home insurance, get quotes for different types of coverage, including any additional riders. That way you can see what youre covered for and compare the best pricing options.
When comparing policies, make sure to look at the basis of any claims settlement, such as named or open perils and whether its actual cash value or replacement cost. In other words, some companies will only cover on an actual cash value basis for partial losses or only on a replacement cost basis for major damages or total losses. Some insurers also offer the choice to upgrade to replacement cost for your entire policy for an additional cost.
Just because you find a quote thats the lowest price doesnt mean that you should go with that policy. Its important to determine what specifics you needthink deductibles, flood coverage, or any additional ridersthen compare to see what will offer you the best protection.
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State Farm Mobile Home Insurance
As one of the largest insurance providers in the country, State Farm sells various products covering just about anything you want to protect.
State Farms manufactured home insurance coverages include dwelling, personal property, liability, loss of use, additional living expense, and medical payments.
Youll also get State Farms fair rental value if you rent your home, which helps pay for lost income.
Unique Considerations: Texas Mobile Home Insurance
Mobile home insurance policies typically cover wind and hail damage, but these may be excluded if you live near the coast. Homes in this area of Texas are susceptible to flood, wind and hail damage. If you’re having trouble finding flood insurance in the private market, you could purchase it through the National Flood Insurance Program, which allows homeowners to buy federally backed flood insurance.
For wind and hail coverage, homeowners have the option to purchase coverage through a private insurance company or through the Texas Windstorm Insurance Association . The TWIA was formed in 1971 to provide wind and hail insurance to people who live along the coast and can’t qualify for private coverage.
The average wind and hail insurance policy from TWIA costs $1,500 per year. Keep in mind that the TWIA only offers wind and hail coverage, meaning you’ll still need to purchase a mobile home insurance policy. The counties where homeowners are eligible to purchase wind and hail coverage through TWIA are listed below.
Counties where mobile homes are eligible for TWIA wind and hail coverage
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The Bottom Line On Affordable Texas Mobile Home Insurance
Mobile home insurance isnt mandatory for most people. Still, its a good investment for anyone who might have trouble buying a new mobile home after damage from a natural disaster, theft, vandalism, pests, or other hazards. Older mobile home insurance is also worth considering if youre particularly attached to a mobile home that isnt new. In Texas, there are several types of affordable insurance available for mobile or manufactured homes. Be sure to research insurance on a mobile home so that you can effectively compare quotes and find the best one.
Enter your ZIP code into our free quote tool below to begin comparing car insurance rates from different companies near you today.
What Is A Mobile Home
A mobile home is defined by the Department of Housing and Urban Development as a transportable home built on a permanent chassis at an off-site manufacturing plant. However, HUD refers to mobile homes as manufactured homes, unless they were built before June 15, 1976.
Transportable homes built on or before 1976 are referred to as mobile homes, whereas those built after 1976 are considered manufactured homes. When in doubt, check for a HUD certification label or tag affixed to the home. Only manufactured homes display the label a mobile home will not have one.
It is important to know when your home was built and if it is classified as a mobile or manufactured home because it is generally more difficult to get a Texas mobile home title and insurance for an older mobile home.
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Do I Need To Have Landlord Insurance
While itâs not required by law, landlord insurance can help save you from catastrophic losses that may happen while managing a property. If a tornado or fire destroys your property, you would have to pay the propertyâs total cost out of pocket to rebuild it.
With insurance, you would only have to pay a small deductible. Your insurance can even provide additional coverage for other events, such as vandalism or theft if you add it to your policy
Landlord insurance applies to long-term rentals, periods over 30 days. If you want to do short-term rentals for Airbnb or VRBO, youâll need a commercial, homeshare, or vacation rental policy instead of landlord insurance.
Allstate: Best Coverage Options
Allstate makes a mobile home policy affordable by offering nine discounts. Some of the unique discounts include ones for being a new homebuyer, being retired, and signing up for a policy before your previous one expires.
Pros and Cons of Allstate Mobile Home Insurance
Available in all 50 states Provides add-ons for valuable items, like sports equipment and musical instruments Bundling home and auto insurance policies could save you up to 25% on your premium
Liability coverage cap is lower than other providers at $500,000 Customers must talk to an insurance agent to get a quote in certain states
- Musical instruments
Why We Chose Allstate
We recommend Allstate to people looking to lower their premiums through a handful of available discount opportunities. Here are a few discounts you may qualify for when you receive your quote:
- Original owner: You can save up to 5% on your policy if youre the original titleholder of your mobile home.
- Multi-policy: This discount is for bundling your mobile home insurance with car insurance or another Allstate insurance product.
- 55 and retired: This discount saves mobile homeowners who are over 55 and retired up to 10% off on their policy.
- Protective device: Customers can save up to 15% on their policy if they have home protection systems, such as monitored fire alarms or home security systems.
- Easy pay plan: This discount saves you up to 5% on your policy when you sign up for automatic payments.
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Mobile Home Coverages In Texas
Mobile home insurance provides similar coverage to a home insurance policy, although manufactured home coverage is typically more expensive than basic home insurance. When you have mobile home insurance, you can receive financial reimbursement for covered losses and damages due to perils or hazards such as theft, vandalism, fire, wind, hail, snow and ice. A standard mobile home insurance Texas policy covers:
- Dwelling and detached structures: A policy includes the homes structure, often known as the four walls, and certain non-attached structures, such as a fence, shed or carport.
- Liability insurance: This covers the legal costs that could stem from someone being injured while on your property. Liability insurance pays for attorney and court fees, as well as legal judgments against you as a result of an injury or loss at your home.
- Personal property: This offers reimbursement or replacement of your homes contents if they are lost or damaged due to a covered peril.
- Loss of use: This coverage could pay for your living expenses if you are unable to remain in your mobile home following a covered loss. Reasonable living expenses, such as meals, a hotel or apartment rental, may be covered while your mobile home undergoes repairs.
- Medical payments: This pays for a third partys medical bills if they are injured at your home or on your property.