Mobile Home Insurance in New Hampshire

Also providing Mobile Home Insurance to residents in Massachusetts, Maine, Rhode Island, & Vermont.

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What is mobile home insurance?

Buying a mobile home represents a substantial investment, and it’s crucial to protect this investment. One important way of protecting a mobile home in New Hampshire is by purchasing mobile home insurance.

Mobile home insurance is a specialized form of homeowners insurance for manufactured housing. These policies take into account the distinctive construction and features of manufactured homes.

Who in New Hampshire should have a manufactured home insurance policy?

Manufactured home insurance is generally the right choice for insuring a mobile or manufactured house. Most New Hampshire homeowners with these types of houses should get a manufactured home policy.

For homeowners who are still servicing a loan on their mobile home, it’s likely that insurance will be a mandatory requirement. Lenders typically require certain protections so that their investment in a home can be recovered if the home becomes a total loss.

Furthermore, residents in some manufactured housing communities might also be obligated to maintain certain insurance coverages. Communities sometimes have their own property or liability insurance requirements.

An insurance agent who specializes in manufactured home insurance can help owners make sure they not only have any required coverages, but ultimately select the coverages that are right for their needs.

What types of coverage does manufactured home insurance offer?

The particular protections that a manufactured home insurance policy provides can vary significantly. Nevertheless, most policies typically come with certain common protections:

• Dwelling Coverage: Typically covers the mobile home itself in case of damage due to a covered peril.
• Personal Property Coverage: Typically covers personal items kept at the mobile home’s location. 
• Loss of Use Coverage: Typically covers additional living expenses if the mobile home becomes uninhabitable due to a covered peril. 
• Personal Liability Coverage: Typically covers several kinds of liability lawsuits that could be filed against the policyholder.

Do mobile home policies offer any protection against flooding?

Most mobile home policies don’t cover damage caused by flooding. If a home is located in an area prone to flooding, a separate flood insurance policy will likely be necessary. When it’s needed, flood insurance can often be procured at a subsidized rate through the National Flood Insurance Program.

What is an HO-7 homeowners insurance policy?

Within the insurance industry, mobile home policies are frequently referred to as an HO-7 homeowners insurance. This classification follows a commonly used numbering system for various types of homeowners policies.

HO-7 refers to a homeowners policy specifically tailored to meet the needs of mobile homes and manufactured houses. Other types of homeowners policies include HO-1, HO-2, HO-3 and HO-5 (for traditional houses), HO-4 (for renters), HO-6 (for condominiums) and HO-8 (for older homes).

What are the average costs for mobile home insurance policies?

The cost of insuring a mobile home is influenced by numerous factors, often including the size, location, age and construction of the home. Although rates can vary, generally, these policies cost significantly less than those for single-family homes. This is primarily due to the lower replacement cost of mobile homes.

By working with an independent insurance agent, homeowners can compare different policies to determine the cost of insuring their specific mobile or manufactured home. Independent agents have the ability to request and compare customized quotes from multiple insurance companies, which makes it easy to find coverage that’s both good and affordable.

How can mobile homeowners in New Hampshire obtain mobile home insurance?

For help insuring a mobile home or similar residence that’s in New Hampshire, contact the independent insurance agents at Insurance24. We’ll work closely with you to ensure that your home is well protected by the mobile home insurance policy that’s selected.