A mobile home is a unique type of dwelling and the coverage available to it is also different from what is available to the general homeowner or condominium unit owner. One of the main differences is that there are different coverage forms available that can offer either replacement cost (the value of a brand new unit) or actual cash value (the market value, which accounts for depreciation). The age of your unit and how many updates have been done will influence if it is eligible for a replacement cost form or not. The fact that there are two different types of coverage makes it especially difficult to decide how much is enough coverage. We generally recommend that the owner discuss the replacement or actual cash value of their unit with mobile home salespeople who will be best able to advise them on what a new unit would cost or what the current market value of your unit is.