How Does Mobile Home Insurance Differ from Typical Homeowners Insurance?
In terms of coverage, mobile home insurance does not differ significantly from typical homeowners insurance. Both types of policies cover the structure of the home and offer options such as replacement cost or cash value. Both may also cover additional structures on the property such as garages and sheds and usually include insurance for personal property as well as liability coverage. Despite these similarities, the cost of insuring mobile homes can be considerably higher than the cost of insuring a typical home. There is a greater risk for insurance companies when it comes to mobile home insurance vs. traditional homeowners insurance. While both types of insurance will likely cover structures and property in the event of a variety of different perils (including fire, falling objects, windstorms, lighting and explosions), mobile home insurance may cost more because a mobile home is more vulnerable to these events than a traditional home. Mobile homes may not necessarily be more likely
