Mobile homes are typically covered by providing physical damage on a basis similar to an automobile policy or on a homeowners (basic, broad or special cause of loss) basis. The Exposures range widely from modest, anchored trailers existing on separate lots or within mobile home parks to large units that easily rival the cost and luxury of traditional, site-built residences. Mobile home insurance is often provided on an actual cash value basis, so significant depreciation can be a major concern for owners of mobile homes. Mobile home insurers offer separate endorsements such as Vendors or Lienholders Single Interest coverage, Theft coverage and Trip Collision Coverage.
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