Mobile Home InsuranceMobile Home Insurance in Canada is available for mobile home owners, tenants, and seasonals. If you own or rent it is important to have coverage in place. Insurance for mobile homes often come in a package policy meaning that common and important coverages are included. Mobile home owner insurance policies will cover the home as well as personal property and liability. Often there will be an option to have a Replacement cost endorsement which is important if you do not want depreciation taken off the value of your property.
Mobile Home owners should look for All Risk Coverage (also called comprehensive coverage). If the home is less than 20 years old it should be available. Often the coverage that is offered is named perils and occasionally basic coverage. Neither is as good as an all risk policy. Mobile home renters should have a tenants insurance policy to protect their personal property and to have liability insurance should bodily injury or property damage occur for which you as the tenant are liable. These policies are often restricted to named perils coverage, which is better than basic or standard coverage. Mobile homes used only as a seasonal are eligible for “Fire and Extended Coverage” policies. They include limited coverage for property (the type of loss has to be specifically listed) and full coverage for liability arising from Bodily Injury or Property Damage. Other coverage to look for in a mobile home insurance policy includes coverage for outbuildings, additional living expenses, sewer back up coverage, coverage for tools and coverage for golf carts. Return to Canada Home Insurance for more information and articles related to home insurance.
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