If you operate or own a mobile home park you have made a significant investment. Your mobile home tenants likely have their own insurance, but that does not cover anything outside their home. Mobile Home Park Insurance offers protection for significant risks that mobile park owners face.
Faulty sewage systems, accidents on the property or at the park, animal bites or even natural disasters could all be instances that you might be liable for. We provide the necessary insurance that can cover you in these situations.
mobile home park insurance
Types of Coverage for your Mobile Home Park
These are just some of the types of coverage you may want to consider as part of your mobile home park insurance package.
General Liability – as a general rule, this is the most basic type of insurance to protect your mobile home park against injury on your property, by use of your products or your general operations.
Workers compensation – most all businesses need to consider workers compensation as part of their manufactured housing park insurance package which helps your company cover medical expenses and salaries when employees are injured on the job.
Commercial auto – should you own vehicles as part of your mobile home park, this type of automotive insurance is required in case of an accident.
Hired / non-owned auto liability – this type of manufactured housing park insurance coverage protects you as a business owner should an employee use their own vehicle in conjunction with your park.
Loss of Income – in the case of an event that prevents your mobile home park or manufactured housing park from earning revenue, this coverage can help.
Why Is Mobile Home Park Insurance a Necessity?
Mobile home parks can be vulnerable to a variety of catastrophic events, some of which may include:
- Severe weather: Mobile home parks may be more susceptible to damage from severe weather events such as tornadoes, hurricanes, thunderstorms, and heavy snowfall. These events can cause damage to homes, buildings, and other structures in the park.
- Fires can start from a variety of sources, including electrical malfunctions, cooking accidents, and natural disasters such as lightning strikes. Mobile homes are especially susceptible to fire due to their construction and the materials used in their fabrication.
- Mobile home parks located in flood-prone areas may be at risk for flooding during periods of heavy rain or due to nearby water sources such as rivers or lakes.
- Earthquakes: Mobile home parks located in areas with seismic activity may be at risk for damage from earthquakes, which can cause structural damage to homes and other buildings in the park.
- Landslides: Mobile home parks located in hilly or mountainous regions may be at risk for landslides, which can cause significant damage to homes and other structures in the park.
It is important to have adequate mobile home park insurance coverage and an emergency plan in place to prepare for these catastrophic events and minimize the impact on residents and property.