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Whether you live in a mobile home or use it for recreation, having a mobile home insurance policy in place offers many benefits. That’s why the agents at Barron Mutual Insurance Company in Wisconsin recommend implementing a policy as a safeguard against unforeseen circumstances. But how extensive should your policy be? And what type of coverage should be included? To ensure you select a plan that is right for you, their team shares some crucial information below. 

A Guide to Mobile Home Insurance

What Does It Cover?

Much like a standard homeowner’s insurance policy, mobile home insurance covers the mobile home itself, as well as any belongings in it. Along with coverage for your mobile home, liability coverage offers protections for third-party injuries or damages incurred as a result of your property.

Is It Required?

mobile home insuranceIf your mobile home will be on the road, the only insurance policy you’ll be required to carry is liability coverage. In Wisconsin, this will need to be valued at $10,000 for property damage, $25,000 for the injury or death of one person, and $50,000 for the injury or death of more than one person, at the very least. Past that, whether or not you are required to carry additional insurance will depend on the laws in your state. For example, in Wisconsin, home insurance policies are not mandatory, although your mortgage company may require one. When it comes to mobile home insurance, coverage is also optional. 

How Much Do I Need?

The amount of insurance you need depends on your unique lifestyle. For example, start by calculating the total value of your mobile home and belongings, along with how much coverage you’ll need to cover negligence claims against you—this can be estimated based on your personal risk, such as past driving accidents or your age. Then, consider how the mobile home will be used. If it will be on the road frequently, a more extensive policy may be needed, as your risks will be higher than an owner who keeps their home in one location. Also, consider the climate of the home’s base location. If this is in a floodplain or hurricane or tornado zone, opting for a home insurance policy is recommended.

If you want to buy a mobile home insurance policy, turn to the team at Barron Mutual Insurance Company. They originated in 1891, and since then, they have supported local clients in search of the best protections for the things that matter most in life. Visit their website today to learn more about the policies they offer, and call (715) 537-5141 to speak with a representative about your needs.

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