For a person to be covered under a Mobile Homeowners Policy, what must be true?

A Mobile Homeowners Policy is designed to provide coverage for individuals who own and reside in a mobile home. For a mobile home to be eligible for this specific type of insurance, it typically needs to be "permanently affixed" to a lot or land. This means that the mobile home must be anchored securely and connected to utilities, making it a fixed structure rather than a movable one. This requirement is crucial because it distinguishes a mobile home used as a permanent residence from one that is temporarily located or otherwise classified, which might require a different type of insurance policy.

In contrast, the other options do not accurately reflect the requirements for coverage under a Mobile Homeowners Policy. For instance, a policy can cover owned mobile homes rather than those that are rented, and there is no age restriction related to the owner. Additionally, while some states may require a mobile home to be registered with a specific agency, this is not a universal mandate for obtaining a Mobile Homeowners Policy. Therefore, the stipulation regarding the mobile home being permanently affixed is fundamental for securing the appropriate insurance coverage.