Paying for Mobile Home Insurance in Texas

In Texas, you can pay for your mobile home insurance via checks or money orders and deliver it to your insurer in person or via mail. If your insurer has an online platform to make payments, you can pay with credit or debit card.

Another way to pay your mobile home insurance premiums is through an escrow account, which your mortgage lender helps you operate if you have a mortgage on your mobile home. If you do not have any mortgage on your mobile home, you can still use an escrow account to pay for your mobile home insurance. Your monthly or yearly premiums are paid from the escrow account as and when due. You put some money in your escrow account and your monthly or annual premiums are deducted from the account.

Who Pays for Mobile Home Insurance?

The mobile homeowner is responsible for the payment of mobile home insurance in Texas. Even if you use an escrow account, you still have to fund it from your pocket. However, your mortgage lender may be responsible for funding your escrow account if you have a mortgaged mobile home.

What are the Payment Options for Mobile Home Insurance?

Your payment options for mobile home insurance in Texas depend on how you pay for your mobile home insurance. If you pay directly to your insurer, you can pay yearly, biannually, quarterly or monthly. However, you must pay yearly if your payment option is through an escrow account.

Is Mobile Home Insurance Paid Monthly or Yearly?

Depending on the terms of your home insurance policy contract, payments for mobile home insurance in Texas can be monthly, biannually, quarterly, or annually if you pay directly to your insurer. Paying through an escrow account requires annual payment.

Can you Pay Mobile Home Insurance Late?

Yes, you can pay mobile home insurance late in Texas, provided you eventually make your payment within the grace period. There is usually a grace period of 30 days during which you are expected to pay your outstanding premium. Paying for insurance for mobile homes in Texas cannot be later than this period.

What to Do if you Can’t Pay for Mobile Home Insurance?

If you cannot afford mobile home insurance in Texas, you can opt for a home insurance plan with the Texas Fair Plan Association. The Texas Fair Plan offers limited mobile home insurance coverage for mobile homeowners and landlords of mobile homes. However, to be eligible for the Texas Fair Plan, other private marketplaces must have denied you coverage. If you cannot still pay for the coverage offered by the Texas Fair Plan, you may be left without coverage. However, this is not advisable. A knowledgeable and licensed residential property insurance agent in Texas can help you customize a mobile home insurance policy in a manner that will make it affordable for you.

Will my Mobile Home Insurance Lapse if I Miss a Payment?

No, your mobile home insurance in Texas will not lapse if you miss a payment. If you miss a payment, your property insurance insurer will give you a grace period of 30 days to pay your due premium. However, the policy will lapse if you fail to pay your premium during the grace period. When your policy lapses, your mobile home is no longer covered and you have to cover any loss you experience out of your pocket.

Speak with a knowledgeable licensed Texas property insurance agent for more details.