"Our success is not because of the coverage we offer. It's because of the people who write the policies."


Mobile Home Park Insurance

Territory

  • Available in the majority of the western states
  • Mobile Home and RV Resorts
  • LLC, Non-Profit and Not for Profit available

Property

  • No age restriction
  • Equipment Breakdown
  • B/I on an ALS basis with 120 period extended indemnity
  • Utilities above and below ground

General Liability

  • Aggregate limits $2,000,000
  • $1,000,000 Personal & Advertising Injury
  • 100% Park owned rental available

Inland Marine

  • Mobile Equipment, Signs, Miscellaneous Tools, Golf Cart, etc.

Crime

  • Employee Dishonesty, Money & Securities, Forgery & Alteration

Mechanical Breakdown

  • Sudden & Accidental, Failure of electrical/mechanical equipment, Panels/Transformers

Commercial Auto

  • $1,000.000 CSL, Package or monoline

National Flood

  • $500,000 max limits per building, Satisfies lender requirements

DIC

  • Deductible-Per Unit of Insurance, Replacement Cost, Ordinance of Law Coverage

Umbrella

  • Limits up to $20,000,000, AM Best “A” VII or better required underlying carrier

 

Contact: Mobile Home Park Department

949-488-2255 / 800-488-4096 / Fax: 949-488-2259

Send submission to: mhp@kinginsuranceca.com or cl@kinginsuranceca.com

Mobile Home Park Insurance

mobile home park insurance

Mobile homes are often sited in land lease communities known as trailer parks (also ‘trailer courts’, ‘mobile home parks’, ‘mobile home communities’, ‘manufactured home communities’, ‘factory built home communities’ etc), these communities allow home owners to rent space on which to place a home. In addition to providing space, the site often provides basic utilities such as water, sewer, electricity, or natural gas and other amenities such as garbage removal, community rooms, pools, and playgrounds.

There are over 38,000 trailer parks in the United States ranging in size from 5 to over 1,000 home sites. Although most parks appeal to meeting basic housing needs, some communities specialize towards certain segments of the market. One subset of mobile home parks, retirement communities, restrict residents to those age 55 and older. Another subset of mobile home parks, seasonal communities, are located in popular vacation destinations or are used as a location for summer homes.

Newer homes, particularly double-wides, tend to be built to much higher standards than their predecessors and meet the building codes applicable to most areas. This has led to a reduction in the rate of value depreciation of most used units.

Additionally, modern homes tend to be built from materials similar to those used in site-built homes rather than inferior, lighter-weight materials. They are also more likely to physically resemble site-built homes. Often, the primary differentiation in appearance is that factory built homes tend to have less of a roof slope so that they can be readily transported underneath bridges and overpasses.

The number of double-wide units sold exceeds the number of single-wides, which is due in part to the aforementioned zoning restrictions. Another reason for higher sales is the spaciousness of double-wide units, which are now comparable to site-built homes. Single-wide units are still popular primarily in rural areas, where there are fewer restrictions. They are frequently used as temporary housing in areas affected by natural disasters, when restrictions are temporarily waived.

Another recent trend has been parks in which the owner of the mobile home owns the lot on which his or her unit is parked. Some of these communities simply provide land in a homogeneous neighborhood, but others are operated more like condominiums with clubhomes complete with swimming pools and meeting rooms which are shared by all of the residents, who are required to pay membership fees and dues.