About Mobile Home Insurance
Mobile Homes insurance coverage is usually similar to a standard homeowner's policy, offering coverage for the home, your personal property, and liability claims. Mobile home insurance policies provide two basic kinds of insurance—coverage for physical damage and personal liability coverage. These coverage options are generally available for rental mobile homes, commercial mobile homes, mobile homes that are used seasonally, or mobile homes located in a park or on private property.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.0% |
The market is fragmented by key vendors who are focusing on production technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Mobile Home Insurance market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Farmers Insurance Group (United States), Allstate Corporation (United States), GEICO (United States), American Family Insurance (United States), MetLife (United States), USAA (United States), Liberty Mutual (United States), Esurance Insurance Services, Inc. (United States) and Allianz SE (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are State Farm (United States), Erie Insurance (United States), Meemic Insurance Company (United States) and Shelter Insurance (United States).
Segmentation Overview
AMA Research has segmented the market of Global Mobile Home Insurance market by , Application (Rental Mobile Homes and Commercial Mobile Homes) and Region.
On the basis of geography, the market of Mobile Home Insurance has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Agency will boost the Mobile Home Insurance market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Coverage, the sub-segment i.e. Physical Damage Coverage will boost the Mobile Home Insurance market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Need to Enhance Customer Experiences for Insurance
Market Growth Drivers:
Increasing Number of Rental Mobile Homes and Rising Demand for Protection against Mobile Homes
Challenges:
Lack of Awareness among Individuals about Liability Policies
Opportunities:
Increasing Investment by the Government to Protect Individuals against Variety of Claims and Development of New Insurance Model
Market Leaders and their expansionary development strategies
In October 2023, Embark MGA (Embark) and Decision Research Corporation (DRC) joined forces to tackle the pressing need for reliable markets for homeowner's insurance across the United States, starting with California and Arizona. This strategic partnership modernizes the application, underwriting and fulfillment process for obtaining homeowner's insurance, allowing Embark to distribute
In September 2023, Definity launched a new usage-based insurance (UBI) product offering: Sonnet Shift. It gives Sonnet customers in Ontario a personalized insurance experience, delivered through a best-in-class program offering drivers enhanced control over their premiums while promoting safer driving habits.
Key Target Audience
General Liability Insurance Service Providers, Industry Associations, Potential Investors, Marketing firms, Government and Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.