The number of decisions we make in a day is bewildering. What to wear, what to each, who to focus our attention on, and what. And we solve countless problems every day at work and at home.
Naturally, we intend to keep up on our goals, relationships, bills, investments, and insurances. Although we don’t often think about insurance until we need it. I am prone to this, too, even though my job is to sell flood insurance to you. But seriously, if it isn’t “urgent,” it often doesn’t get my attention.
However, the cure to being overwhelmed is a little pre-planning when it comes to insuring your mobile home from flooding.
Unfortunately (and this goes for all insurance), you can’t get a policy when you see doom on the horizon because, well, the underwriters see it too and shut down new policies or put a waiting period before a policy becomes active.
The answer is generally yes, typically with the NFIP (most private market policies don’t want to insure mobile homes).
There is a difference between a mobile home and a modular home regarding flood insurance coverage.
This would be a good time to figure out the difference between modular and mobile homes.
Although some private underwriters won’t insure either mobile or modular, most of our options do offer flood coverage for a modular home.
A modular home is a structure built in a warehouse or offsite location, then put on a flatbed trailer and assembled at its permanent location. The fully constructed modular home usually has all the inner workings of carpet, tile, cabinets, plumbing, and writing. It needs to be placed, fastened to the foundation, and attached to the sewer, water, and power. In all, it is just a home built offsite and placed in its permanent place when completed. This type of construction allows the building to go on year round and not be limited by weather conditions. Once set, they typically are not moved.
A mobile home is a structure built on a trailer chassis, and this structure of the chassie is not removed when the home is towed to its location. To get flood insurance for a mobile home, you must remove the wheels from the chassie and be attached to a foundation (typically a slab or pilings) so that in the event of flooding, the home won’t simply float away.
It is usually a separate flood insurance policy to ensure any home with flood coverage because standard mobile home insurance excludes flooding as something it will cover.
Why is my lender requiring me to get flood insurance for my mobile home?
Your lender will require coverage due to federal law if the structure is in or placed on a high-risk flood zone map.