The Best Mobile Home Insurance Companies (2024)
Foremost, American Modern and Assurant are the best insurance companies if you have a mobile or manufactured home.
You’ll likely need to buy an HO-7 mobile home insurance policy if you finance your mobile home or live in a mobile home community.
A key factor in finding coverage for a prefabricated home is when it was built. You may have a harder time insuring a mobile home built before 1976.
What are the best mobile and manufactured home insurance companies?
Foremost, American Modern and Assurant stand out as the best mobile home insurance companies for both older and newer homes. Here’s why:
Foremost
A subsidiary of Farmers Insurance, Foremost was the first insurance company to cover prefabricated homes. Founded in 1952, the company provides coverage for both mobile and manufactured homes, regardless of age.
Foremost offers what’s known as “open-peril” coverage. This means your policy covers any peril unless it is specifically excluded in writing. It also offers an upgrade from actual cash value payout to replacement cost, also known as “stated value loss settlement.” Replacement cost coverage pays out what it costs to get you an equal-value mobile home without depreciation. Foremost offers a mold coverage option, too, which is rare in the industry.
If you’re an AARP member, you may qualify for the AARP Mobile Home Insurance Program through Foremost. On top of comprehensive coverage for mobile homes competitive with other insurers, the AARP program offers a variety of extras, including:
- Additional living expenses coverage (not usually part of a Foremost standard policy)
- Debris removal
- Identification theft
- Food spoilage coverage
- Locksmith coverage
Foremost offers a variety of discounts to reduce your annual premium. These include:
- Bundling discount: Bundle your mobile home insurance with another Foremost policy, and you could save some money.
- Senior discount: If you’re over 50 years of age, you may qualify for a reduced rate.
- Claim-free discount: You could get a discount for having no recent claims on your insurance record.
- Location discount: Having your home in an approved mobile home park can get you a lower rate.
| Pros | Cons |
|---|---|
| Strong reputation as a mobile home insurance industry leader | Coverage not available in Hawaii |
| Customizable coverage options | Additional living expenses only offered as an add-on for standard policies |
| Excellent discounts | No 24/7 customer service for questions |
American Modern
American Modern has sold insurance for both mobile and manufactured homes since 1965. It covers rental, seasonal and vacant mobile homes as well. Like Foremost, American Modern offers open-peril coverage.
American Modern offers many add-on coverage options, including:
- Water backup
- Scheduled personal property coverage for expensive belongings like jewelry or art
- Service line excavation and repair
- Earthquake insurance
| Pros | Cons |
|---|---|
| Easy online claim filing | Few discounts |
| Covers a range of mobile home types, including vacant ones | No weekend customer service |
| Great add-on options |
Assurant
Assurant, a Fortune 500 company, covers both mobile and manufactured homes. It offers comprehensive dwelling, personal property, liability and loss of use coverage at stated value.
Assurant’s use of technology helps it stand out from its competitors. Its mobile app makes it easy to find policy info and file a claim. The company’s online account manager helps you access your account info, track claims and access your policy, too. Assurant also offers a robust virtual resource center online, with a good online quote calculator and educational resources to help you understand your coverage better.
| Pros | Cons |
|---|---|
| Mobile app for claims service | No service in Florida, Hawaii or Washington, D.C. |
| Good online account management | Open-peril coverage only as an add-on |
| 24/7 claims department |
What is the difference between a mobile home and a manufactured home?
While both types of prefab homes are often called “mobile homes,” they differ by when they were built. Manufactured homes are those built on or after June 15, 1976. This is when the Department of Housing and Urban Development (HUD) set building regulations for prefab homes. Prefab homes built before that date are called mobile homes for insurance purposes.
Due to their lack of regulatory standards, older mobile homes are seen as a high risk. Some insurance companies do not cover these mobile homes, and those that do often charge high rates.
What does mobile home insurance cover?
Similar to standard homeowners insurance, mobile home insurance covers the structure of your home, some external structures, your belongings and more.
- Dwelling coverage: This protects the structure of your mobile home from perils like fire, wind, and burglary.
- Other structures: Covers external structures such as a tool shed or patio from certain perils, too. The limit for external coverage is usually a percentage of your dwelling limit.
- Personal property: Pays to repair or replace your furniture, clothing, electronics, and other belongings.
- Loss of use (LOU): This covers extra costs that come with relocating while your mobile home is repaired. LOU includes extra rent costs, restaurant meals, laundry, and extra commute costs.
Methodology
LendingTree compared policy offerings, discounts and customer service capabilities from insurance companies that provide coverage for both mobile and manufactured prefab homes in most of the U.S.