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Purchasing Manufactured Home Insurance

mf-66Purchasing manufactured home insurance takes a different approach from conventional home insurance. The main reason is that the two differ in a lot of ways. Before purchasing insurance for your mobile or manufactured home it may be wise to understand the differences.

Nature of a Manufactured Home

The first thing you need to know about manufactured home insurance is that insurance companies look at mobile or factory built homes differently. A mobile home must meet the same requirements as a conventional home and be elevated or attached to a permanent foundation, according to the Federal Emergency Management Agency (FEMA).

Special Insurance Policy

A special insurance policy is required to cover manufactured homes, and it’s generally a little more expensive because of the risk factors involved. Manufactured homes are not as sturdy as conventional homes and they are more commonly damaged by weather events and natural disasters. Aside from that, manufactured homes are unique and their structure is a little more complex, requiring more maintenance than conventional homes.

What to look for in your Insurance PolicyWhen you start shopping for insurance it’s recommended that it covers the repair and maintenance of your home and pays for your personal belongings when your home is damaged by acts of nature, fire or vandalism. Slash Your Home Insurance Premiums. Search for Lower Rates
It should provide accidental and medical coverage for its residents. The policy should also cover personal liability protection in case someone who is not a part of your immediate family gets injured in your home.

Consider insurance companies that offer discounts based on your home’s condition. Having security and safety devices like smoke detectors and burglar alarms will give you a discount since it provides better security. Another thing to look for is flood and earthquake coverage. Homeowners often over look this type of coverage, but it is better to be prepared for the worst case scenario if you live in a region prone to these types of events.

How to start

The easiest way to start searching for manufactured home insurance is to search Wise Insurance Quotes for your initial assessment. It’s better to look for a company that specializes in these types of insurance policies. Once you do that you will receive better coverage and lower premiums than many other providers. Some companies may not offer coverage or special rates for your manufactured home.