Mobile Home Insurance

Texas Mobile Home Insurance

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At Texas Partners Insurance we offer mobile home insurance for residents all across the state of Texas. We offer some of the best pricing on insurance coverage for your mobile home and manufactured home. We Provide Mobile Home Insurance for Texas residents. Get a Quick Quote and see how much we can Save you Today.

How Much Does Mobile Home Insurance Cost?

Your manufactured home is your greatest asset and must be protected against loss. If you choose the least expensive policy, you may not have adequate coverage to rebuild after a catastrophic loss.

In general, you can expect to pay on between $250 and $1,300 per year for manufactured home insurance. Your actual mobile or manufactured home insurance rates will depend upon a number of factors, including:

Insurance Rate Factors:

• Your geographic area. Locations with higher land values, higher incidents of severe storms or wildfires, or more crime will typically have higher mobile home insurance rates.
• The value of your home. As with site-built homes, mobile and manufactured homes vary in value. For example, a single wide home in a mobile home park has a much lower value than a full double sized home on land that you own.
• The age of your home. Older mobile and manufactured homes can be difficult and costly to insure because of the inherent risks of incidents such as weather and fire damage.
• How much liability coverage you want. Liability coverage protects you and your assets in case someone files a liability insurance claim or lawsuit against you for losses or injuries sustained in your home or on your property.
  
• The amount of personal property cover you want. Your personal property insurance, or “contents coverage,” is designed to provide compensation if any of your items are stolen, lost or damaged in an accident or storm. If you have particularly valuable items, you may need to add those items separately to your policy to ensure that they are fully covered.
• The deductible you choose. When you select a deductible, you are choosing the amount that you will pay out of pocket in the event of a claim before your mobile home insurance coverage kicks in. The lower the deductible, the higher the premium rate tends to be; likewise the higher the deductible, the lower the premium rate tends to be.
  

Actual Cash Value vs. Replacement Cost

When you are evaluating mobile home insurance costs for various policies, you may find that you have a choice of actual cash value coverage or replacement cost coverage in the event of a loss. The choice you make will affect your insurance premium; it will also dictate the amount of compensation you will be able to get if you need to file a mobile home insurance claim. You can think of them this way:

Actual cash value coverage will pay the value of the manufactured home at the time of the loss, which includes depreciation. For example, if you have a five-year-old manufactured home that is valued $35,000 at the time it suffers a complete loss in a fire, you will receive $35,000 to replace your home – even if you paid $50,000 for it five years ago.

Replacement cost coverage will pay the value of a new mobile home made with similar materials. So, if you bought your manufactured home for $50,000 five years ago, and the new, similar model will cost $60,000, your replacement cost policy will likely buy that new model for you. Remember you’ll need to pay your deductible before the insurance company will pay benefits. Replacement cost coverage for your mobile home tends to cost more than actual cash value coverage does because the insurance company commits to paying out more for losses.

Glossary of Common Insurance Terms