Title: Exploring Renter’s Insurance Options for Mobile Home Owners
Hello everyone,
I recently transitioned from being a renter to an owner of an older mobile home, which I had been living in for several years prior to the purchase. During my time as a renter, I maintained a rental insurance policy to protect my personal belongings. However, after acquiring the mobile home, I faced some challenges when I attempted to secure homeowners insurance. The quotes I received were either exorbitantly high, exceeding the trailer’s actual value, or the property was deemed uninsurable altogether.
This situation has led me to wonder: Can I continue to use my renter’s insurance policy, even though I now own the mobile home? I understand that the policy won’t cover the structure itself, which I’m perfectly fine with; my primary concern is insuring my personal items. I reviewed my existing renter’s policy but struggled to find any terms that address my current situation.
Here are some details that might be helpful:
- Location: South Carolina, USA
- Insurer: State Farm
- Status: There is no mortgage or lien on the property
I would appreciate any insights on whether it’s legally and ethically permissible to maintain my renter’s insurance policy under these circumstances. If it turns out that maintaining the policy isn’t an option, I would love to hear your recommendations on alternative ways to safeguard my possessions.
Thank you for your assistance!
