Park Home Insurance Comparison

Yes, due to the differences in construction between a traditional home and a mobile home. Most standard homes are made of “bricks and mortar,” while park homes are made of fiberglass and plywood; they’re also manufactured in a factory, making them classified as “non-standard” constructed homes. Standard built homes offer a lower risk to damage from storms, etc. However, mobile homes pose a slightly higher risk to damage due to the materials used to build them.

This is why standard homeowner’s insurance will not protect a park home. You must buy insurance that’s specifically created for a mobile home.

No, the law doesn’t require you to insure your park home. However, if you use a mortgage or loan to purchase your home, the financial institution usually requires that you insure the home. In addition, park homeowners, who rent out the land to site your home, also require proof that your home is insured. Parks have the right to check for proof of insurance on an annual basis.

In addition, some mobile home parks require you to have property owners’ liability insurance, which protects you from third parties who are injured or whose property is damaged while on your home’s site.

As with other types of insurance, you’ll find that park home insurance policies (and what they include) are different from one insurance provider to the next. Here’s a list of what to look for in a mobile home insurance policy:

• New for old replacement for life: in the event your home is destroyed, it will be replaced with a new equivalent—no matter the age of your home. These policies may also include site clearance (clean up & removal of debris where your house is located), re-sitting, delivery and more.
• New for old replacement on contents: if you’d like to insure your home’s contents, then this policy works to replace household items damaged beyond repair with new ones. This usually includes clothing, linens, etc.
• Temporary alternative accommodation: in the event your home has been horribly damaged, and it’s not possible to live in it, this type of policy will provide you with an alternative place to temporarily live.
• Blanket cover insurance: coverages almost everything with a single limit. You might think of this as a comprehensive policy; however, the details will vary between insurance companies in what is provided under this type of coverage.

Yes, and these will also vary between insurance companies. Here are some of the most common add-ons you’ll find:

• Key protection: covers the loss or theft of your home’s keys. Some policies will also replace external locks on your vehicle, park home, and possibly even your office.
• Excess protection: if you need to make a claim on your motor home, then this policy will reimburse the excess you’ve had to pay.
• Homecare emergency: covers emergency repairs to your park home, such as a burst pipe or the furnace not working, etc.
• Owner’s liability: protects you, as the homeowner, from third parties who may press a legal suit, suffer personal injury, etc. It generally provides legal assistance and covers legal expenses.

When compared to traditionally built homes, yes, park home insurance does tend to cost more. The reason is the higher risk of park homes to damage due to their non-standard building methods and materials.

The best way is to comparison shop for park home insurance. Be sure to look for insurance providers who specialize in this type of insurance. Online insurance comparison sites are a great way to start your research into mobile home insurance.

Once you’ve created a list of insurers, it’s a good idea to call or visit their offices and talk directly with a knowledgeable insurance agent. Ask questions about the policy, so you completely understand what’s covered, what add-ons they have, etc.

Buying park home insurance doesn’t have to be a daunting task. Know the basics and then comparison shop to find the best coverage for you and your home.

ABI –  Association of British Insurers – The Association of British Insurers is the leading trade association for insurers and providers of long term savings. … need to contact their insurer for a Green Card which they will need to carry on them if they wish to drive their vehicle in the EU.

BIBA – British Insurance Brokers’ Association – The British Insurance Brokers’ Association (BIBA) is the UK ‘s leading general insurance organisation.