Mobile Home Park Insurance
Specialized Insurance Coverage For Your Mobile Home Park
California Southwestern Insurance Agency has specialized in providing insurance for mobile home parks since its beginning in 1972. We insure thousands of mobile home parks like yours. We have offices in Southern and Northern California specializing in Mobile Home Park Insurance in your area.
Whether you own a modern Manufactured Home Community, Mobile Home Park, or vintage Trailer Park, our experienced insurance agents can design an insurance program to fit your needs. Exposures created by your community can be quite different than other types of properties such as apartments. There are interesting situations when it comes to securing the right insurance policy. While the park is the property of the landowner,the actual home is often owned by the resident that is renting a space. As the landlord of a park, you need to carry special Trailer Park Insurance, as opposed to a traditional policy held by landlords of apartments and single-family homes.
Since you are a mobile home park owner that rents spaces to your residents, you are responsible for obtaining protection against a variety of situations that will affect the park as a whole. For example, you need park insurance that will cover common areas, such as clubhouses, laundry building, and community pools. You are also responsible for coverage for infrastructure items like underground utilities, electrical distribution equipment, utility pedestals, signs, fences, streets, pads, roads and walkways, all of which are commonly found in a mobile home park. The vehicles that are used by your park employees should also be covered as well.
Liability coverage should also be included in your Mobile Home Park Insurance policy. This will protect you against claims made if someone is injured in the common areas. When you talk to your agent at California Southwestern Insurance Agency, feel free to ask about customizing your park insurance in order to cover any situations that may be specific to your particular mobile home park. An insurance policy for alleged discrimination, such as the American Disabilities Act (ADA), race, age, and familial status.
You should also obtain coverage for income lost from a lot left unusable due to fire and removal of debris left behind by an uninsured resident. Although you may not need coverage to replace the home, if you are unable to use the space you will lose that significant flow of income while removing the debris and renovating the site.
Contact Al Reeder for Southern California at 1-949-533-6800 and
Bill Joseph for Northern California Locations at 1-800-992-6966
If You Own Mobile Homes In Your Park
In some cases, the mobile home park property owners own the property as well as some or all of the mobile homes. If you own some or all of the trailers in your park, you will need additional coverage.
You will not only need Trailer Park Insurance, but also coverage to insure the actual homes against the expenses related to replacement and repair. You will also need liability coverage for both the homes and the spaces in your park. Your California Southwestern Insurance Agency niche specialist agent will be able to explain to you the difference between policies that cover all of the homes that you own and those that require separate coverage for each individual mobile home.
Not Normal Property Owner Coverage
It is important to understand the difference between a standard insurance policy for a property owner and Mobile Home Park Insurance. A standard policy will cover a number of different situations that are not likely to be an issue if you own the mobile home park but not the mobile homes in it.
For instance, you will not need to invest in coverage for the actual structures if they are owned by the resident. In addition, you are not likely to need to include clauses in your lease requiring renter insurance. Instead, your lease should require those with homes on your lots to carry a mobile home policy.
Understanding Mobile Home Owners
If you do not own the mobile homes in your park, it is crucial that you are aware of the coverage that the home owners renting spaces in your mobile home park carry. Their coverage should include liability, replacement and repair.
In addition, it is important that you understand the rights of the mobile home owners in your park. In some cases, these people are considered to be tenants, even if they own their mobile home. You need to keep all of this in mind when purchasing your Trailer Park Insurance policy to make certain that you obtain adequate coverage.
California Southwestern Insurance Agency has been offering quality insurance policies to the owners of mobile home parks for more than forty years. We have had experience with thousands of mobile home park owners just like you. Regardless of the size and age of your mobile home park, we have an insurance policy that will meet both your needs and your budget perfectly.
Whether the residents that live in your mobile home park own their mobile homes or not, there is an abundance of risk factors at play when managing and operating a mobile home park that you simply cannot ignore. You are responsible for a long list of events that could take place on your property, such as trip and falls, dog bites, sewage backups, and failure to maintain litigation.
With the right mobile home park coverage, you are protected against many different perils, such as fire, lightening, hail, wind, theft, vandalism and much more. For example, if you have employees that work on the grounds of your mobile home park, you should not go without workers compensation coverage and employment practices liability.
These are only a few of the risks that you need to consider when purchasing your Trailer Park Insurance policy. We are the insurer of thousands of mobile home and RV parks like yours, and have been since 1972. Fill out the no-obligation quote form now to find out how our experienced agents can provide you with the most complete coverage at the best value. Click or call now before it is too late and you find yourself having to sell your park to cover expenses that could have been transferred to an insurance company.