Mobile Home Insurance for Landlords
Looking for Mobile Home Insurance for Landlords? As a landlord, you want insurance that’s tailored specifically to protect your rental properties. A Landlord Protection policy gives you choices when purchasing the insurance coverage you need. Rental property is a great investment, especially if you protect your assets with excellent coverage. Make sure that you and your property are covered when choosing a mobile home insurance policy for landlords.
Are you a landlord? Choosing the right mobile home insurance for landlords can be confusing. Whether you only need mobile home insurance for landlords with coverage for the most common types of losses or a fully-loaded policy that offers more protection, our policies give you the flexibility to choose. We’ll help you make sure your Mobile Home rental property is properly protected.
Confused on what you might need? Talk to one of our experienced agents. We can offer personal advice about what type of policy you need and how much coverage is right for you. Get protected with a tailored mobile home insurance for landlords policy from our agency.
What is covered under Mobile Home Insurance for Landlords?
Mobile Home- Whether your mobile home is a single-wide, double-wide, or triple-wide. this compensates you for the damage to your structure itself. You may need to also consider coverage for
– Attached Structures – for non-factory built attached structures like a deck
– Detached Stuctures – for detached structures away from the home like a shed
Loss of Rental Income – reimburses you for lost rents if your rental mobile home is seriously damaged by a covered loss.
Liability Protection – If another person gets injured on your property, and you are responsible, you may be asked to pay for those injuries. Liability Insurance protects you from having to pay out of your pocket for another person’s injuries. This will also pay for your legal defense if someone tries to sue you for injuries that occur on your property. Injuries to you or your family or damage mobile home are not covered under liability insurance. Typical liability limits on a landlord policy from $100,000 to $300,000.If you need liability limits more than $300,000 consider an umbrella insurance policy.
What types of Policies are Available for Mobile Home Insurance for Landlords?
Named Peril Mobile Home Insurance Coverage
This means the insurance company pay if a specific listed reason (aka “peril) damages your property. The “perils” (fire, explosion, lightning, windstorm and hail damage) are specifically named in your policy, subject to policy exclusions and conditions. This type of policy costs less money than a Comprehensive Property Policy. However, this type of policy pays only when listed perils damage the mobile home. Weigh the pros and cons carefully.
Comprehensive Mobile Home Insurance Coverage
These policies pay for most direct, sudden and accidental physical losses that aren’t specifically excluded in your policy. This policy is more comprehensive than a named peril policy. A comprehensive policy does cost more than a named peril policy, because it covers sources of damage to your home. Whether you purchase a named-peril or a comprehensive landlord policy for mobile homes, a flood insurance would need to be purchased separately.
Actual Cash Value
In the event of a covered claim, a claim settlement will pay provide monies to replace or repair your damaged property, with a deduction for depreciation, which reflects the age and condition of your rental mobile home.
Optional Replacement Cost
For an additional cost, we recommend purchasing Optional Replacement Cost coverage. If a claim occurs, your claim settlement will compensate you for the cost to replace the damaged items with new property of similar material and quality. With optional replacement cost, the insurance company will not deduct for depreciation.
Landlord Protection liability insurance options protect you and your spouse or domestic partner against personal injury, wrongful eviction, or wrongful entry as well as other non-bodily injury claims such as libel and slander.
We Also Offer Choices To Help Protect You As A Landlord:
– Liability for wrongful eviction or entry
– Loss of Rents
– Liability limits
– Personal Injury
– Landlord Insurance
– Umbrella Insurance
– Other Structures
– Water and Sewer Back Up
– Flood Insurance
Extra Coverage Doesn’t Have to Cost a Lot
Many landlords supplement their coverage with personal umbrella liability insurance for broader protection. Talk to us today about the amount of coverage that’s right for you.
To find out more about this product and other products and services, contact us today at (904) 262-8153.
Florida Mobile Home Insurance
It’s important to know how to buy mobile or manufactured home insurance to protect your family. Our buyer’s guide will help you determine how to get the coverage that is with your budget. We will help you find the most affordable and comprehensive coverage to protect your family.