How to Find Insurance Savings for Mobile Home Parks
What Insurance Issues Should Mobile Home Park Owners Be Aware Of? Their insurance requirements are similar to those of a landlord because mobile home park operators rent land to owners of prefabricated homes, mobile homes, or traditional trailers.
The mobile home park owner is liable for covering common spaces, utility service lines, and even the landscaping as it contributes to what makes the mobile home park a desirable place to live. However, homeowners must insure their own residences and possessions.
Because of this, homeowners who live in mobile homes are in a rather unusual situation with regard to insurance. Although there are businesses that specialize in this kind of coverage, the majority of insurance firms will not want to take on the responsibility of insurance mobile home parks.
Ensure the commercial property at your mobile home park:
You are not liable for providing insurance for the homes or the contents of the homes that those who rent from you own as the owner of a mobile home park. However, you do own things that you'll want to insure. The following is included in this:
Central office building and everything inside of it Utility pedestals and underground lines device for distributing electricity Walkways and roads signs and fences if there is a laundry room in your mobile home park, appliances like washers and dryers Whether your company owns and rents any homes on the land
Choose the Right Liability Insurance to Protect Your Business Interests The liability risks you face as the owner of a mobile home park are distinctive and intriguing. You have a higher risk of being held liable for injuries in common areas due to the vast number of individuals who frequent your property, whether they are residents or visitors.
If your park has features like a swimming pool or playground, the risk is enhanced even more. Additionally, if you allow residents to own dogs, especially those that are thought to be dangerous breeds, you could be held liable if a resident gets bitten by a neighbor's dog.