If you own a mobile or manufactured home, mobile home insurance Oklahoma is the kind of insurance you need. Mobile homes and manufactured homes are typically excluded from standard home policies. The reason for this is that mobile homes have characteristics in common with dwellings, and they also have unique exposures.
There’s virtually no difference between mobile homes and manufactured homes, the different terms are used simply to determine which homes were built before July 15, 1976, and after, to understand what building codes were followed. Because they’re the same type of home, both can be insured with mobile home insurance.
Mobile homes have particular exposures, which is why there are a few homeowner insurers that offer manufactured homeowner policy endorsements that can be attached to a homeowner’s HO-2 or HO-3 form. This is done to modify the coverage so it’s suitable for a mobile or manufactured home.
By getting an endorsement for your HO-2 or HO-3 form, you will enjoy coverage for the manufactured home, including all the original equipment and accessories, as well as coverage for any additions that were not originally included, and coverage for additional living expenses.
To get a better understanding of mobile home insurance in Oklahoma, let’s look at the coverage it offers and how it can be used.
Is Everything Insured With Homeowners Insurance for Mobile Homes in Oklahoma?
If you want to insure your mobile home in cities such as Oklahoma City, Tulsa or Broken Arrow, you want to make sure you’ll be getting the coverage you need from your insurance policy.
Standard homeowners’ insurance for manufactured homes in Oklahoma will cover physical damage to your residential dwelling and other separate structures. This means the insurer will pay for the repair of the mobile home if it’s damaged by events such as fire and lightning, explosions, falling objects, burst pipes, vandalism, wild or stray animals, landslides, wind and hail, as well as the weight of ice and snow.
When we talk about “detached structures” we’re referring to structures such as a fence, small shed, shop, pump house, carport, the steps that go up to your door, and even your wood deck, etc. As long as the structure is not nailed or screwed into your residence dwelling, it will be considered a detached structure and it will require a separate coverage amount set aside for those types of items in the policy.
You must discuss these structures with your insurance agent so you can make sure you will receive adequate coverage. You’ll also need to provide your insurance agent with an estimate of what each structure or item will cost to replace.
The homeowners’ insurance for mobile homes in Oklahoma will also include personal property coverage. This means the policy will cover the cost of repairing or replacing belongings such as electronics, furniture, etc., from damage. Which is why you need to make a home inventory of everything you own.
There’s also loss of use coverage, which, in case of a covered loss claim, will help cover the rent or hotel/motel expenses if you’re not able to live at home while the losses are being taken care of.
Liability coverage is also included in the homeowners insurance for manufactured homes in Oklahoma and it will range from $25,000 to $50,000. What liability coverage does is take care of the expenses in case you’re sued by a visitor who got hurt in your mobile or manufactured home or on the premises.
Last but not least, homeowners insurance also provides medical payments coverage for non-residents who happen to get hurt in your mobile or manufactured home or on the premises. The usual coverage amounts range between $500 and $1,000.
What Are the Different Ways That Mobile Homes or Manufactured Homes Can Be Insured?
First, you can insure your mobile or manufactured home as a primary residence using mobile home insurance. This provides similar coverage to a homeowner’s policy, which means you’ll get liability insurance as well as personal property insurance.
Second, you can insure your mobile home as a secondary or vacation residence if that’s the kind of use you give it by using a homeowner’s policy or dwelling policy. The difference between these two options is that a homeowner’s policy provides coverage against losses to the dwelling as well as personal property coverage, while the dwelling policy doesn’t provide the latter.
Third, you can insure your manufactured home with a rental insurance dwelling policy if you’re renting it out. It’s your responsibility as a landlord to protect your property, which is why rental insurance exists. If you include the refrigerator and/or other furnishings in the policy, you will enjoy limited coverage for those items, as well as peril coverage for fire as well as wind and hail. However, the policy doesn’t usually cover against theft.
The personal belongings of the tenants are their responsibility, which means it’s not your responsibility to provide insurance for that. Tenants will benefit from renters insurance for a mobile home, which is the HO-4 form under the homeowners’ policy.
Owners of mobile homes or manufactured homes can benefit greatly from homeowners insurance and dwelling insurance. In Oklahoma City and all of its communities, these policies are available for the most part, and they will provide the coverage you’re looking for.
Since There Aren’t Many Manufactured Home Insurers, What Can You Do?
Who insures manufactured homes? You may be surprised to find out that there aren’t many insurance companies that provide insurance for manufactured homes. There are many options to insure mobile homes in general, but if you find that your state doesn’t offer many of them, it may be because the weather is more volatile than in other states. Another reason for it may be that the rules and regulations for insurance in your state don’t allow for insurers from other parts of the country to do business in your location.
Because There’s Only A Handful of Mobile Home Insurers, Where Can You Go And Get A Manufactured Home Insurance Quote?
Oklahoma manufactured home insurance shoppers have access to a couple of local, regional, and national insurers, but as you can imagine, it’s very time consuming to approach each insurance company. Calling or providing information online for each insurer will take a lot of time, and sometimes they won’t even get back to you with a quote. It’s hard to believe, but it does happen very often.
Fortunately, Oklahoma residents or people who live outside of Oklahoma but own a mobile home in Oklahoma can get a free mobile home insurance quote online. All you need to do is go to www.oklahomainsurancequotes.net and allow them to compare rates with different insurance companies that offer mobile home insurance. This will save you time, the hassle of looking at each option individually, and it may even save you money.
This mobile home insurance Oklahoma comparison website has been a helpful tool for many mobile homeowners. For the last 15 years, it has allowed people to find the right kind of coverage for a good price. Take a couple of minutes and request an insurance quote for your manufactured home. After all, what do you have to lose?