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4 Steps to Reduce Manufactured Home Insurance

mh-5When buying manufactured home insurance the cost is usually the first consideration. Price quotes from various companies can vary by hundreds of dollars. However, before you choose the lowest priced policy read the entire coverage and compare it to the others.

To help you get the best manufactured home insurance policy, here are four steps you need to know to reduce manufactured home insurance.

Step 1 – Look for a policy that will allow you to raise the deductible.

You can save more on your premiums (by as much as 25 percent) if you are able to raise the usual $500 deductible that are recommended by most insurance companies.

Just in case you are not aware, you should know that there is a separate deductible for different types of damage that your manufactured home may sustain. This is especially true for those who live in disaster-prone regions of the country. Whether you live in an area that is often visited by Slash Your Manufactured Home Insurance Premiums. Search for Lower Rates.
windstorms, vulnerable to hail storms, or situated along an earthquake fault line you must have separate deductibles for specific possibilities.

Step 2: The land your house stands on should not be included on your manufactured home insurance.

This is for the simple reason that the land is not at peril or in any way at risk from possible theft, loss, fire, windstorm or hailstorm. When you add its value to your insurance policy coverage you will have to pay higher premiums.

Step 3: Reinforce housing materials for disaster resistance.

Another way to cut back on home insurance premiums is to add storm shutters or make the roof more resistant from windstorm, hailstorm or other disasters. You may also want to ask insurance agents or company representatives how else you can make your house more disaster-proof. Attaching manufactured homes to a foundation or tying them down underneath the structure with FEMA approved devices usually provide insurance companies the leeway to reduce manufactured home insurance rates.

Step 4: Discounts for home security systems.

Consider installing a home security system to protect your home and belongings from a home invasion. Most insurance companies provide discounts of up to 20% for home security systems.