If you own a mobile or manufactured home in Texas, you'll need specific insurance. Given the popularity of mobile homes in Texas, there are many insurance providers for you to choose from.
When looking for the best manufactured home insurance, you'll want to find a combination of the cheapest premium and the coverage best suited for your mobile home.
We can help you find insurance for your Texas mobile home:
Best insurance companies in Texas for mobile/manufactured homes
Due to the popularity of mobile homes in Texas, many insurance companies operating there provide mobile home coverage. While some standard home insurance companies offer options for mobile homes, others specialize in mobile homes. Here are some of the best mobile home insurance companies in Texas:
- Allstate: Offers insurance for mobile homes in Texas, including optional garden and yard coverage. Also, if you're the original owner of the mobile home, you can get a 5% discount on your premium.
- Assurant: Specializes in insuring mobile and manufactured homes. The company also offers transportation insurance coverage for the home.
- Foremost: Another mobile home insurance specialist. The company offers optional replacement cost coverage, which could help you get an additional 20% towards the replacement of the home.
- Progressive: In addition to the standard mobile home coverages, the provider also offers trip collision coverage for one move in a 30-day period.
- State Farm: If you're renting out your manufactured home in Texas, the company's standard manufactured home insurance also offers fair rental value coverage to recoup rental income if the home is rendered unlivable.
How much does mobile home insurance cost in Texas?
Manufactured home insurance costs an average $300 to $1,200 a year in Texas. Something important to understand is that while "mobile home" and "manufactured home" may be used interchangeably, the terms mean very different things.
According to the Housing and Urban Development code, a factory-built home built before 1976 is a mobile home. One built after 1976 is a manufactured home. As a result, pre-1976 mobile homes usually have higher home insurance costs than manufactured homes.
Your premium is also affected by other factors such as coverage limits, the condition of the mobile home and where it's located. If you're looking for ways to lower your mobile home insurance premium in Texas, here are a few recommendations:
- Reinforce your mobile home: Take steps to fortify your home against the elements. This includes reinforcing your roof and installing storm shutters. Home upgrades such as these can go a long way towards cutting insurance costs.
- Add a security system: Manufactured homes in Texas may have a high risk for theft and vandalism. Installing a security system can help lower the risk of a break-in and possibly save you some money.
- Increase your deductible: Your deductible is the amount you agree to pay towards a home insurance claim before your insurer covers the rest. The higher your deductible, the lower your premium.
- Shop around: To find the best mobile home insurance rate at the best price, compare quotes from multiple companies. Looking at many quotes from different providers side by side allows you to see your best opportunities for coverage.
Which coverages do I need for my mobile home?
While Texas state law does not require manufactured homeowners to carry insurance, you will probably be required to carry it if you have mortgaged your home or live in a mobile home community. Even if you keep your mobile home on your own private property, having insurance coverage for it is an excellent investment. When you are looking for mobile home coverage, you will want the following coverages:
The dwelling coverage portion of your manufactured home insurance should be sufficient to replace your home if it were destroyed. Manufactured home insurance policies usually cover the following perils:
- Falling objects
- Theft and vandalism
Depending on where in Texas you live, wind and hail damage may or may not be covered under your mobile homeowners insurance. These perils are usually excluded from mobile homes on or near the Texas coast. If you are not able to get wind and hail coverage from your insurance provider, you can purchase it through the Texas Windstorm Insurance Association.
You will want enough personal property coverage to repair or replace all of your belongings if they are damaged or destroyed by covered perils in your manufactured home. The best way to get an estimate of the coverage limit you need for personal property coverage is to create a home inventory list. It may be a bit time consuming to compile the list, but it should be easy to update as you get new things. Plus, it could significantly speed up filing a claim on your mobile home.
The amount of liability coverage you get for a mobile home depends on what you can afford. The liability portion of your manufactured home insurance policy covers medical costs, legal fees and property replacement due to injury or property damage you're responsible for.
Many insurance providers have minimum limits for liability coverage. However it's often an amount that a long court case or hospital stay can tear through quickly. We recommend bumping up your liability coverage to $300,000. If you can afford $500,000, that is advised. The premium cost difference between $300,000 and $500,000 isn't enormous.
Loss of use
You will want to have enough loss of use (LOU) coverage to pay extra costs that occur during a relocation if you have to move out of your manufactured home during repairs. LOU coverage usually helps with additional costs such as:
- Hotel stay
- Restaurant meals
- Extra gas due to longer commute
Loss of use coverage is usually 20% to 30% of your dwelling coverage. It may not seem like much, but keep in mind that LOU covers costs over your standard cost of living. For example, if you usually pay $60 in commuting costs and your relocation forces you to pay $75, your LOU will pay the additional $15.
What does manufactured home insurance exclude?
Flood damage is not covered by standard mobile home insurance, which can put mobile homeowners in Texas in a dangerous position. Homeowners along the coast have to deal with the threat of flooding due to storms, and inland Texas homeowners face flooding from river swelling.
Flood insurance in the U.S. is offered through FEMA's National Flood Insurance Program (NFIP) and can be purchased through home insurers who take part in the program, as well as some independent insurers. Flood insurance in Texas costs an average $595 a year.
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