The best mobile homes are customized—designed to fit your unique needs. In this way, mobile homeowners have different insurance needs and coverage requirements than traditional homeowners.
If you currently own a manufactured home, or you’re thinking about investing in one and would like to know how mobile home insurance is different from traditional homeowner’s insurance, here’s some information to get you started.
Colorado Mobile Home Insurance Explained
Mobile home insurance in Colorado (also called manufactured home insurance) is a type of insurance policy that offers coverage for a different set of risks than you would expect to face in a typical home. Manufactured homes are constructed using light materials so they can be transported easily, making them more susceptible to damage or loss than homes built on a concrete foundation. With this in mind, manufactured homes require specialized insurance.
Types of Insurance in Colorado
In general, even with an increased risk for damage, it’s still possible to secure comprehensive insurance protection. Of course, the amount of coverage you need will change based on the size and value of your home in Colorado, as well as where you live and whether or not you own the land. Comprehensive protection includes coverage for the home itself, your personal property and any liability claims.
Property and Contents. Your home (and its contents) is protected from physical damage caused by fire, hail, theft or vandalism. The cost to repair or replace is typically covered.
In most areas, accidental and direct physical loss to your property caused by the following are covered:
- Fire damage
- Burst water pipes
- Lightning damage
- Animal or wildlife damage
- Vandalism
- Theft
- Snow damage
- Wind or hail damage
- Landslide
Note: Certain ‘named perils’ may not be covered in your Colorado policy; be sure to check if you live in an area where natural perils are common, such as earthquakes or hurricanes.
Personal liability. Personal liability coverage protects you in the event you are found legally responsible for an accident that results in injury or damage to someone else or their property. Note: Colorado liability coverage does not cover injuries or accidents to you or members of your household. It will however, protect you in the event a guest is injured on your property, or you or a member of your family damages another person’s property.
Additional Coverage. Many mobile homeowners in Colorado choose to add additional coverage to protect them from other expenses not listed on a policy. For instance, costs related to emergency removal, in the event your home is damaged and needs to be removed, or from a collision in the event your home is in an accident while being moved from one location to another.
How Much Insurance Do I Need in Colorado?
There are many variables that go into determining the right amount of mobile home insurance in Colorado. However, a good place to start is the value of your home. Remember, with mobile home insurance, you should also consider the value of all of your possessions—furniture, electronics, appliances and personal items like jewelry can be included too.
When you are ready to explore your options, be sure to give us a call. We’re here to help, and we’re happy to assist as you navigate your mobile home insurance options.
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