Manufactured home insurance is a protection against property losses and damages. And no matter how you think about it, it will always have its distinct benefits and drawbacks.
Many people are choosing a manufactured home for their primary residence and/or their vacation home. Insurance companies are aware of the popularity of owning a manufactured home and have been issuing policies for manufactured homes for many years, therefore getting the right coverage for your manufactured home should not be difficult.
Before checking into insurance for your manufactured home, it is important to find out if your home is considered a manufactured home or a modular home. A manufactured homes can generally be towed to its location where as a modular home is brought to its location in pieces. Usually modular homes can be insured under a standard homeowners policy.
If you have determined that you have a manufactured home, most insurance agents should be able to offer you a homeowners insurance policy for your home. It is important to shop around though because there can be large differences in what insurance coverage you can get for your manufactured home and the premiums for the policy.
Limitations of Manufactured Home Insurance
Besides comparing manufactured home insurance policies for the best coverage and price, there are a few other guidelines you may want to know about so you can find the best manufactured home insurance policy for your needs:
To get a manufactured home insurance policy the home may need to have a skirting. It must be fully around the base, proper foundation, secured safely to the foundation by anchors or tie-downs, good condition of the home’s structure and a pitched roof.
You may not be able to get a manufactured home insurance policy if there is a wood burning oven or stove in the home and it was not built with the home, the manufactured home is in an area that the insurance company feels is uninsurable because of the risks, a manufactured home that you are renting out to someone else.
It is also important to remember that a manufactured home insurance policy usually does not have coverage while the home is being moved.
These guidelines and others can vary among manufactured home insurance policies so make sure you check thoroughly with each company to find out what their specific coverage and rules are.
If you find this post helpful for your future home, you can now sign- up to our free prefabricated home kit, where information pertaining to everything modular is given at your expense.
Topic: Manufactured Home
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