According to Policygenius, just one inch of floodwater can cause $25,000 worth of damage. Jacksonville, FL, is a high-risk city near the Atlantic Ocean with a history of hurricanes from both the Atlantic Ocean and the Gulf. Combine these factors, and you have a serious problem that flood insurance can help mitigate. The team at 925 Partners is particularly concerned about flood insurance for manufactured homes, as many are located in flood-risk areas on leased land. What happens to these homes in the event of a flood?
Does Flood Insurance Cover Mobile Home Damage?
Traditional flood insurance is designed for houses with a foundation attached. It typically covers outdoor structures and fencing within the land plot owned by the homeowner, as well as rental properties. Manufactured or mobile homes, however, don’t fit that definition because they are movable and often sit on leased land. Fortunately, there is flood insurance specifically for manufactured homes, known as mobile home flood insurance. Depending on the carrier, you can include it as an add-on rider to existing mobile home insurance or purchase a separate policy. Mortgage-paying homeowners may be required to have mobile home flood insurance by their lender.
What Does It Cover?
Mobile home flood insurance covers water-damaged manufactured homes up to $250,000 and water-damaged belongings up to $100,000. Some policies also cover temporary housing. However, FEMA and most private insurance companies have one important requirement: the mobile home must be attached to a foundation. Homes without a foundation may face challenges in securing coverage, but it is not impossible.
If you need mobile home flood insurance in Jacksonville, FL, choose the agents at 925 Partners to assist you. Our carrier partners offer several mobile home flood insurance policies for review. We will evaluate your existing policies, survey your home and belongings, and ask questions to determine which carriers meet your needs and budget. Contact one of our agents for more information on flood insurance.
