Mobile home insurance may cover manufactured or mobile homes and the belongings inside them, as well as injuries or damage you may cause to others on your property. As landlords, it’s essential to understand how mobile home insurance works for rental properties and what steps you can take to financially protect your investment. 
Essential Coverage for Rental Properties
When insuring a mobile home rental, consider these options:
- Dwelling coverage may financially protect the structure of your mobile home from covered perils such as fire, hail, wind and vandalism.
- Liability coverage may help with legal expenses and damages if a tenant or guest is accidentally injured on your property or you cause damage to their property.
- Personal property coverage may provide funds to replace your appliances, furnishings and other belongings after a covered event.
- Loss-of-rent coverage may help provide coverage if the mobile home cannot produce a viable income stream due to loss or damage.
You may also consider specialized insurance, such as flood insurance and windstorm coverage. These policies can provide crucial financial protection that standard mobile home policies often exclude or limit.
Legal Considerations in Louisiana
Louisiana does not require landlords to carry mobile home insurance by law, but mortgage lenders or park management may have their own requirements. Additionally, state law requires landlords to maintain safe, habitable properties. Insurance can help you meet these obligations and avoid costly out-of-pocket expenses.
Tips for Financially Protecting Your Investment
Follow these tips to help you minimize risks and avoid unexpected financial setbacks:
- Require tenants to carry renters insurance for their belongings and liability.
- Regularly inspect and maintain your mobile home to prevent claims.
- Work with an experienced insurance agency familiar with Louisiana’s unique risks.
Get Covered Today
Pac Insurance understands the challenges Louisiana landlords face. Our team can help you compare mobile home insurance options and tailor coverage to your needs. Contact us today to get started.
This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.