MOBILE HOME INSURANCE FAQS
What is a manufactured home?
A manufactured home is a type of prefabricated home that’s mostly built in a factory and then transported to a predesignated site for use.
What is a mobile home?
A mobile home is a large house trailer that is parked in one particular place and used as a permanent living accommodation.
Are manufactured homes mobile?
A manufactured home is meant to be used as a permanent dwelling once it reaches its predesignated site.
Is Mobile Home Insurance Required?
Just like home insurance, mobile home insurance is required.
Is it more difficult to finance the purchase of a manufactured home?
There are a lot more risks to owning a mobile home than there are for a traditional site-built home. Their life span also isn’t as long as traditional homes and they require more maintenance. For this reason, it’s much tougher to finance a mobile home.
What are some of the top manufacturing home companies?
Top manufactured home companies include:
- Irontown Homes
- Blu Homes
- Modular Direct
- Champion Homes
- Nationwide Homes
- Icon Legacy
- Wardcraft
- Palm Harbor Homes
- Clayton Homes
How Much Mobile Home Insurance Do I Need?
The amount of insurance you need depends on the price of your home, any attachments to the property, as well as any special amenities you may have.
Is Mobile and Modular Home Insurance Tax Deductible?
Just like standard home insurance, mobile home insurance is not tax deductible.
What factors can affect Manufactured home insurance premiums?
- Coverage Amounts and Deductibles
- Home Age, Features and Materials
- Location
- Pets
- Credit Rating
What states does your mobile home insurance cover?
We can find your policies in All 50 States:
Can older mobile homes get insured?
There is no age limit for getting a manufactured home insured.
What is the replacement cost?
Replacement cost value is the determined value of your mobile home that the insurance provider is willing to pay for a loss.
What is market value?
Market value is the determined value of your mobile home relative to the prices of mobile homes in the market.
What is actual cash value?
Actual cash value is the determined cash worth of your mobile home.