Mobile Home Insurance
Eligibility rules for the standard homeowners policy specifically exclude mobile homes. Although mobile homes share many characteristics of dwellings, they also have unique exposures: high susceptibility to wind and fire damage and exposure to loss by collision or upset while the unit is being transported.
The dwelling policy can be used to provide property coverage for mobile homes, but only the basic form can be used and only mobile homes permanently placed on foundations are eligible.
The HO-4 forms can be used to cover the contents of a mobile home but not the mobile home itself.
Many companies and rating organizations have developed a separate mobile home package policy. In addition, ISO has developed a mobile homeowners endorsement that can be attached to an HO-2 or HO-3 to modify coverage for mobile homeowners. Coverage is provided for:
Damage to the mobile home from collision or upset while it is in transit is available as an optional coverage. Up to 10% of the coverage on the mobile home can be extended to cover other structures.
Liability coverage is similar to Section II of the homeowners policy. Available discounts are also offered for alarm systems, fire prevention, sprinkler systems, and tie-downs.