Renter’s Insurance for Owner-Occupied Mobile Homes: Your Questions Answered
Hello everyone,
I’m reaching out today to discuss a unique situation regarding insurance for my mobile home. After several years of renting, I recently purchased an older mobile home. During my rental period, I had a renter’s insurance policy in place, which provided me peace of mind. However, upon transitioning to homeownership, I encountered some challenges when seeking homeowners insurance. Unfortunately, I discovered that my mobile home was either considered uninsurable or came with exceptionally high premiums that exceeded the trailer’s value.
This leads me to my current dilemma: am I permitted to retain my renter’s insurance policy? I am aware that the structure itself may not be covered, but my main concern is protecting my personal belongings. I’ve scoured my rental policy but haven’t found any clarifications related to this situation.
For context, here are some additional details:
– Location: South Carolina, USA
– Provider: State Farm
– Status: There is no mortgage or lien on the property
Ultimately, I’m seeking guidance on whether I can continue my renter’s policy or, if that’s not feasible, what alternatives exist for protecting my possessions.
Thank you in advance for any insights or recommendations you might have! Your assistance is greatly appreciated.
