Coverage requirements

Mobile Home Park

Habitational95% completeness
Run gap analysis

Last updated August 2026 · Maintained and reviewed by the Advocate Insurance Consultants coverage research team.

Overview

What an adequately protected Mobile Home Park program looks like

Advocate's recommended baseline coverage standard for mobile home park properties, calibrated to the distinct asset and tenancy structure of MHP communities. An effective reference point for non-agency deals and for testing current park coverage against what the market expects.

Key takeaways

  • Spans 127 published requirements across 37 coverage type-peril pairs.
  • Applies to 1 asset type: Mobile Home Park.
  • Covers 9 coverage types and 11 distinct perils.

At a glance

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Requirements
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Coverage types
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Perils
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Completion score

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14 of 37 WIM pairs required

Coverage tower

Required limits by coverage type and peril

Property5 coverage types

Builder's Risk

Avalanche≥ Total Project Value
Boiler & Machinery≥ Total Project Value
Earthquake≥ Total Project Value
Flood≥ Total Project Value
Mine Subsidence≥ Total Project Value
Named Storm≥ Total Project Value
Overall limit≥ Total Project Value
Sinkhole≥ Total Project Value
TRIA - Property≥ Total Project Value
Volcanic Eruption≥ Total Project Value
Wind Hail≥ Total Project Value
Non-Certified Acts of Terrorism Property≥ Total Project Value

Business Income

Boiler & Machinery≥ Business Income Amount
Earthquake≥ Business Income Amount
Flood≥ Business Income Amount
Named Storm≥ Business Income Amount
Overall limit≥ Business Income Amount
TRIA - Property≥ Business Income Amount
Wind Hail≥ Business Income Amount
Non-Certified Acts of Terrorism PropertyPer policy

Physical

Boiler & Machinery≥ RCV of Existing Structure / Insurable Value
Flood≥ RCV / Insurable Value of First 2 Floors Above Grade + any Floors Below Grade of Buildings Located in an SFHA
TRIA - Property≥ RCV of Existing Structure / Insurable Value
Wind Hail≥ RCV of Existing Structure / Insurable Value
Non-Certified Acts of Terrorism PropertyPer policy
Earthquake≥ Largest Individual TIV on the SOV
Named Storm≥ Largest Individual TIV on SOV In Tier 1 Wind Zone
Overall limit≥ Largest Individual TIV on the SOV

Ordinance or Law

Flood≥ RCV / Insurable Value of First 2 Floors Above Grade + any Floors Below Grade of Buildings Located in an SFHA
Overall limit≥ RCV of Existing Structure / Insurable Value

Business Personal Property

FloodPer policy
Liability2 coverage types

Employer's Liability

Overall limit$1M

Worker's Compensation

Overall limitPer policy

Requirements

Full requirement set for Mobile Home Park

Every requirement in the Advocate standard, 127 rows across limits, deductibles, carrier rating, and presence checks. Search and filter to drill in.

Group
Type
Peril

Showing 50 of 127 matching · 127 total

RequirementPerilRequirement typeApplicabilityRequirement
General › AllCaptive Insurer or Risk Retention Group (FMAC & FMAE)OverallOtherAllConfirm if Insurance Coverage is provided via a Risk Retention Group or Captive Insurer.
Property › Business IncomeConfirm if Business Income is Included In Blanket LimitOverallDeductibleBlanketConfirm if Business Income is Included In Blanket Limit.
General › AllDo Not Allow for Premium FinancingOverallOtherAllInsurance that is Premium Financed is not accepted.
General › AllInsurance Carrier Rating [daae909e]OverallCarrier RatingAllCarrier must have an AM Best Rating that meets the required Letter and Financial Size ratings.
Property › Business IncomeRequire 90-day Extended Period of Indemnity [c165f334]OverallOtherAllPolicy's with loan amounts equal to or greater than $35M require a 90-day Extended Period of Indemnity Endorsement.
Liability › AllRequire ACORD 25OverallOtherAllAll liability coverages must be provided on an ACORD 25 form.
Property › AllRequire ACORD 28OverallOtherAllThe property coverage must be provided on an ACORD 28 form.
Liability › General LiabilityRequire Aggregate Number of Residential Units on the Blanket PolicyOverallOtherAllProvide the Aggregate Number of Residential Units covered under the Policy
General › AllRequire Broker Signature on Binding DocumentsOverallOtherAllInclude agent's signature on document.
General › AllRequire Carrier Cancellation NoticeOverallOtherAllIndicate "30 day notice of cancellation except 10 days for non-payment to the lender" on ACORD(s) and/or insurance documents.
Property › AllRequire Geographical Risk AnalysisOverallOtherBlanketBlanket Policies require a Geographical Risk Analysis.
General › AllRequire Insurance Broker DetailsOverallOtherAllBound proof of insurance must include the insurance broker's details: insurance brokerage name, broker name, email, phone number, and brokerage mailing address.
Property › PhysicalRequire Joint Loss Agreement EndorsementBoiler & MachineryOtherAllIf the Boiler and Machinery coverage is provided by a different insurance carrier than the primary insurance carrier providing the property coverage, both policies require a Joint Loss Agreement Endorsement.
Property › Business IncomeRequire Largest Individual EGI of Properties in an SFHA on the SOVFloodOtherBlanketProvide the Largest Individual EGI of Properties in an SFHA on the SOV.
Property › Business IncomeRequire Largest Individual EGI of Properties on SOVOverallOtherBlanketProvide the Largest Individual EGI of all Properties on the SOV.
Property › PhysicalRequire Largest Individual TIV on SOVOverallOtherBlanketProvide the Largest Individual TIV on the SOV.
Property › PhysicalRequire Largest Individual TIV on SOV Located in Tier 1 Wind ZoneNamed StormOtherBlanketProvide the Largest Individual TIV Located in a Tier 1 Wind Zone on the SOV.
Property › AllRequire Lender as Loss PayeeOverallOtherAllLender must be marked as Loss Payee. ({case.lossPayeeClauses})
Property › AllRequire Lender as MortgageeOverallOtherAllLender must be marked as Mortgagee. ({case.mortgageeClauses})
Liability › General LiabilityRequire Liability Limit Applied Per LocationOverallOtherMultilocationThe Aggregate Limit of Liability must apply on a per location basis.
Property › Ordinance or LawRequire Ordinance or Law Coverage D - Increased Period of Restoration (5+ Stories)OverallOtherScheduledOrdinance or Law Coverage D - Increased Period of Restoration Endorsement is required.
General › AllRequire Policy CollectionOverallOtherAllThe long form policy must be provided.
Liability › General LiabilityRequire Policy Form Basis - General LiabilityOverallOtherAllGeneral Liability Policy Form Basis must be on a Per Occurrence Basis. Claims Made Basis is permitted if combined with Professional Liability.
Liability › Terrorism LiabilityRequire Policy Form Basis - Terrorism LiabilityOverallOtherAllTerrorism Liability Policy Form Basis must be "Per Occurrence Basis".
Property › Builder's RiskRequire Special Coverage Form [buildersRisk]OverallOtherAllThe Builder's Risk Coverage must be on a Special Form.
Property › Business IncomeRequire Special Coverage Form [businessIncome]OverallOtherAllThe Business Income must be on a Special Form.
Property › Business Personal PropertyRequire Special Coverage Form [contentsBusinessPersonalProperty]OverallOtherAllThe Business Personal Property Coverage must be on a Special Form.
Property › PhysicalRequire Special Coverage Form [property]OverallOtherAllThe Building Coverage must be on a Special Form.
General › AllRequire a Payment MethodOverallOtherAllThe annualized premium per coverage line AND (1) Paid in Full Receipt OR (2) Proof of Payment Schedule OR (3) Invoice if this premium is escrowed by the Lender are requied.
Property › PhysicalRequire a Property Loss Payout BasisOverallOtherAllAsset must payout on an RCV Basis.
Property › AllRequire a Statement of Values [dcc040df]OverallOtherMultilocationStatement of Value is required for a True Blanket or Master policy .
Property › Builder's RiskSufficient Avalanche Builders Risk LimitAvalancheLimitScheduledScheduled Builder's Risk Avalanche Limit should be greater than or equal to {requiredValue}.
Property › PhysicalSufficient Boiler & Machinery Blanket Deductible ($250K)Boiler & MachineryDeductibleBlanketMax Allowable Boiler & Machinery Blanket Deductible is $250K.
Property › Business IncomeSufficient Boiler & Machinery Business Income Blanket Deductible (FMAE & FMAC)Boiler & MachineryDeductibleBlanketMax Allowable Boiler & Machinery Business Income Blanket Deductible is a Waiting Period of 3 Days / 72 Hours OR $250K.
Property › Business IncomeSufficient Boiler & Machinery Business Income Blanket Limit (FMAE & FMAC) (SOV)Boiler & MachineryLimitBlanketBoiler & Machinery Business Income Limit Blanket Limit must be at least ALS 12 Months OR greater than 12 months of either the Largest EGI on the SOV or largest NOI + Continuing Expenses on the SOV.
Property › Business IncomeSufficient Boiler & Machinery Business Income Deductible (FMAE & FMAC)Boiler & MachineryDeductibleScheduledMaximum allowable Boiler & Machinery Business Income Deductible is 3 Days/72 Hours OR $50K for a property whose IV is less than $10M, otherwise $100K.
Property › Business IncomeSufficient Boiler & Machinery Business Income Limit (FMAE & FMAC)Boiler & MachineryLimitScheduledBoiler & Machinery Business Income Limit must be at least ALS 12 Months OR 12 months of EGI or NOI + Continuing Expenses.
Property › PhysicalSufficient Boiler & Machinery Coverage Limit [rcvOnly_part2]Boiler & MachineryLimitScheduledBoiler & Machinery limit must be at least {requiredValue}.
Property › Builder's RiskSufficient Boiler and Machinery Builders Risk LimitBoiler & MachineryLimitScheduledScheduled Builder's Risk Boiler and Machinery Limit should be greater than or equal to {requiredValue}.
Property › PhysicalSufficient Earthquake Blanket Deductible (FMAC & FMAE 12/21)EarthquakeDeductibleBlanketMax Allowable Earthquake Blanket Deductible is $250K or 7.5% TIV of the Subject Collateral..
Property › PhysicalSufficient Earthquake Blanket Limit (FMAE & FMAC)EarthquakeLimitBlanketEarthquake Blanket Limit must be at least {requiredValue}.
Property › Builder's RiskSufficient Earthquake Builders Risk LimitEarthquakeLimitScheduledScheduled Builder's Risk Earthquake Limit should be greater than or equal to {requiredValue}.
Property › Business IncomeSufficient Earthquake Business Income Blanket Limit (FMAE & FMAC)EarthquakeLimitBlanketEarthquake Business Income Limit Blanket Limit must be at least ALS 12 Months OR greater than 12 months of either the Largest EGI on the SOV or largest NOI + Continuing Expenses on the SOV.
Property › Business IncomeSufficient Earthquake Business Income Deductible (FMAC & FMAE 12/21)EarthquakeDeductibleScheduledMax Allowable Earthquake Business Income Deductible is 15 days or $100K.
Property › Business IncomeSufficient Earthquake Business Income Limit (Fannie Mae)EarthquakeLimitScheduledEarthquake Business Income Limit must be at least greater than or equal to 12 months of effective gross income.
Property › PhysicalSufficient Earthquake Deductible (FMAC & FMAE 12/21)EarthquakeDeductibleScheduledMax Allowable Earthquake Deductible is 7.5% TIV of the collateral property or $50K for a property whose IV less than $10M, otherwise, $100K.
Liability › Employer's LiabilitySufficient Employers' Liability: Disease - Each Employee LimitOverallLimitAllEmployers' Liability: Disease - Each Employee Limit must be at least $1M.
Liability › Employer's LiabilitySufficient Employers' Liability: Disease - Policy LimitOverallLimitAllEmployers' Liability: Disease - Policy Limit must be at least $1M.
Liability › Employer's LiabilitySufficient Employers' Liability: Each Accident LimitOverallLimitAllEmployers' Liability: Each Accident Limit must be at least $1M.
Property › PhysicalSufficient Flood Blanket Limit (FMAE & FMAC)FloodLimitBlanketFlood Blanket Limit must be at least {requiredValue}.

77 more requirements

Compliance

Who requires Mobile Home Park

  • When a manufactured housing community deal sits outside GSE parameters, non-agency and balance-sheet lenders apply a defined coverage floor, and CMBS and bank lenders reference that floor through origination and servicing.
  • Park owners and property managers rely on it to confirm park-owned structures, common areas, utilities, and premises liability are covered, given that tenant-owned homes fall outside the community's program.
  • Investors and their advisors treat it as a due-diligence checkpoint on an asset with an unusual land-lease structure, while carriers and reinsurers read it as evidence of disciplined risk management on a class exposed to named-storm concentration.
  • Brokers use it to structure submissions that separate park property from resident property.
  • With the coverage set built to track Freddie Mac agency standards, park owners have a way to measure an existing program against market and GSE expectations.

Carrier standard. Carrier must have an AM Best Rating that meets the required Letter and Financial Size ratings.

Advocate runs these checks automatically for the brokers who place habitational coverage.

Exclusions

What Mobile Home Park does not cover

  • The baseline covers the community's own property and liability, not residents' homes.
  • Tenant-owned manufactured homes are insured by residents, so the park program does not repair or replace them after a loss.
  • It also does not include cyber liability or data breach response, pollution or environmental impairment, liquor liability tied to community events, or inland marine.
  • Park-specific gaps to confirm include the treatment of clubhouses, laundry facilities, offices, and any park-owned rental homes, plus site infrastructure such as utility pedestals, roads, and water and sewer lines.
  • Named-storm and flood exposure often carry separate deductibles and sublimits, and the line between park negligence and tenant responsibility for infrastructure failures needs clear placement.

Risk advisory

Typical coverage gaps in Habitational

The foundational distinction is park property versus tenant-owned homes.

  • The community program should insure clubhouses, offices, laundry buildings, any park-owned rental units, and site infrastructure, while residents insure their own homes.
  • Document which homes the park owns versus leases the pad to, because a misclassified schedule leaves either a gap or wasted premium.
  • Catastrophe deductibles deserve close reading.
  • Parks concentrated in coastal or Gulf regions face named-storm and wind or hail deductibles expressed as a percentage of insured value, which can translate into a large out-of-pocket retention after a hurricane, and flood is a separate placement.
  • Verify the percentage basis and dollar impact.
  • Infrastructure liability is a quiet exposure: a utility pedestal, water main, or sewer failure that damages a tenant home can produce a negligent-maintenance claim, so keep general liability limits adequate and maintenance records current.
  • Confirm ordinance or law for park-owned structures.

FAQ

Frequently asked questions

What does mobile home park insurance cover?

It covers the community's own assets: clubhouses, offices, laundry and common buildings, any park-owned rental homes, and site infrastructure such as roads and utilities, plus general liability for the premises. It typically does not cover tenant-owned manufactured homes, which residents insure themselves. Named-storm, wind, flood, and earthquake perils are added by location.

Does mobile home park insurance cover tenant-owned homes?

No. Standard mobile home park coverage insures park-owned structures, common areas, and land-related liability, not the manufactured homes residents own. Tenants are responsible for insuring their own homes and contents. This distinction should be documented clearly so responsibilities are unambiguous and any park-owned rental units are scheduled separately.

How do named storm deductibles work for a mobile home park?

In coastal and Gulf regions, named-storm and wind or hail losses often carry a percentage deductible, such as two to five percent of insured value, rather than a flat dollar amount. On a high-value community that can mean a substantial retention after a hurricane. Owners should confirm the percentage basis and model the dollar exposure.

Is a mobile home park liable for infrastructure that damages a tenant's home?

It can be. If a water main break, sewer backup, or electrical pedestal failure damages a resident's home and the park is found to have maintained the infrastructure negligently, a liability claim can follow. Adequate general liability limits and documented maintenance practices are the primary defenses against these claims.

Maintained by

About this coverage standard

This profile is maintained by the Advocate Insurance Consultants coverage research team, which maintains the Coverage Library benchmarks against the World Insurance Model taxonomy and reviews each standard against live market placements. It is general guidance, not legal or coverage advice. Verify requirements against the actual policy and contract.

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