Navigating Renter’s Insurance for Your Owner-Occupied Mobile Home
Hello everyone,
I recently transitioned from being a renter to a homeowner by purchasing an old mobile home that I’ve lived in for several years. Previously, I had a renter’s insurance policy in place that offered me peace of mind while renting. However, upon acquiring the mobile home, I encountered challenges while trying to secure homeowners insurance. Unfortunately, I discovered that many options were either unavailable or came with an annual premium that far exceeded the value of my trailer.
This brings me to my current dilemma: Can I retain my renter’s insurance policy even though I now own the mobile home? I’m aware that the mobile home itself might not be covered under this type of policy, but my primary concern is ensuring that my personal belongings are insured. I’ve attempted to review my renter’s insurance documentation, but I haven’t found clear information addressing this situation.
Here are a few key details regarding my circumstances:
- I reside in South Carolina, USA.
- My renter’s policy is through State Farm.
- There are no mortgages or liens associated with the mobile home.
I would appreciate any insights on the legality and ethical considerations of keeping my renter’s policy. If that’s not an option, I would greatly value recommendations for alternative ways to protect my personal items.
Thank you for your assistance!
