Mobile Home Insurance

Definition of "Mobile home insurance"

Coverage similar to a homeowners insurance policy in that Section I covers property exposure and Section II covers liability exposure.

Section I (property) Coverage A structural coverage of the mobile home; Coverage B unscheduled personal property coverage;Coverage C additions to the structure of the mobile home to include equipment; Coverage D additional living expense.
Section II (liability) Coverage E liability coverage for personal acts and/or omissions; Coverage F medical payments to others.

Search Real Estate Glossary

Related Real Estate Glossary terms

Spreadsheet

Risk management tool to determine risk exposure and to help spread the risk. A risk manager consider ...

Cash Value

Expected market value of property if sold today. ...

Property Insurance

Insurance affording protection against losses due to damage to or destruction of property or content ...

Actuarial Consultant

independent advisor to insurance companies, corporations, federal, state, and local governments, an ...

Aerial Photos

Photographs of land areas taken by cameras mounted in aircraft or satellites. ...

Common Trust Fund

Same as term Commingled Trust Fund: pooling of assets of two or more pension funds under common port ...

Related Real Estate FAQ

What Is Comprehensive Homeowners Insurance?

Comprehensive is the most expensive type of homeowners insurance; it covers the most potential damag ...

What Is A Private Mortgage?

Private mortgage insurance is insurance that protects mortgage lenders against default on loans by p ...

What Is A Ginnie Mae?

A Ginnie Mae is a name for the Government National Mortgage Association (GNMA), which is a governmen ...

What Happens When A Property Starts To Depreciate?

When a property depreciates it declines in the value of the property due to poor location, dilapidat ...

What Do I Need To Know About Term Life Insurance?

Provides financial protection for a limited, specified period of time, at a lower cost than permanen ...

What Is A Fixed-rate Mortgage?

A fixed-rate mortgage is a type of mortgage in which the interest rate is fixed for the life of the ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Agents join here

Add our widget on your Website

Real Estate Advice

How To Sell Your Home When to buy a house Build or Buy? That’s the Big Question What is Escrow and how does it Work? Why Right Now is a Good Time for Millennials to Buy a Home

FAQ

What is hazard insurance? What is a housing ratio? Besides making my monthly mortgage payment, how can I build equity into my house? I looked at a property yesterday with a REALTOR® who seems to be clueless. I am really interested in purchasing the property, though. Can I switch agents and still make the purchase? What is the Tax Benefits of Buying a Home?