Mobile home parks in tornado prone areas

[Gulliver R.]

Hi All,

I have a MHP in the mid-west and I'm pretty concerned about tornadoes taking out my entire MHP (or a good portion of the mobile homes). I have mobile home insurance to cover tornadoes. But I wanted to hear what you MHP investors are doing to prepare for tornadoes...

-What do you do with your tenant-owned mobile home owners in your community? Do you require them to get and keep mobile home insurance to cover tornadoes (and show you proof of this)? 

-What do you do with your park-owned homes in regards to mobile home insurance? My insurance company will only insure a max of about $30k per home. A new mobile home is about $50-60k these days. So the insurance company would in theory only pay me out $30k (minus my deductible) per home in the event a tornado ripped through and destroyed my mobile homes.

I appreciate any feed back. Thank you so much.

Best,

Gulliver