Our homes are our safe space and the place where we create lifelong memories. By owning a mobile home in Ontario, you understand the importance of protecting your investment and your personal property. Obtaining insurance for your mobile home is not mandatory under Canadian law. However, protecting your home from the unexpected is a safeguard that could benefit you in the future. Some mobile park homes require their inhabitants to provide proof of insurance which could be a push towards obtaining insurance. Manufactured home and mobile home insurance will insure the mobile home itself and any attached garages or sheds.
If you are shopping around for mobile home insurance, there are various factors that affect the insurance quote premium. For example, whether you live in your mobile home full time or part time, where it is located, the cost to replace the home and if it’s attached to other mobile homes.
The cost of mobile home insurance can be surprising to most, but these types of homes are associated with specific risks such as the quick spread of fire in mobile homes due to their size and building materials and the higher risk of damage from natural disasters, storms and unfavourable weather conditions. In colder provinces, the damage caused by frozen pipes can be severe and is a common reason amongst mobile home owners to file a claim.
There are also available discounts on insurance for mobile homeowners who fulfill specific criteria. These discounts can be for customers aged 55 or older, have no history of claims, is equipped with security alarms and the installation of a water leak detection device. The discounts vary depending on the location and the type of mobile home you own. Learn more about what discounts you can qualify for from an Oracle RMS licensed broker.
At Oracle RMS, we have experience providing clients with manufactured home and mobile home insurance. We will shop around for the best rates and provide you options from our wide range of partnered insurance providers. You’ll receive options while we provide you the opportunity to choose what price and coverage works best for you! Every client of Oracle RMS receives a custom-tailored insurance package that is unique to your situation. Your plan will include the required coverage needed. Here at Oracle RMS, we truly believe there is no “one size fits all” approach to insurance.