Frequently Asked Questions about Mobile Home Insurance
Manufactured Homes and Mobile Homes are essentially the same thing. It’s all in the date of when it was built. Prior to 1976 proper term is Mobile Home. After 1976 proper term is Manufactured Home. While most refer to these properties as Mobile Homes, after 1976 the government enacted new building standards to mobile homes and called them manufactured homes. The main difference between Manufactured Homes and Mobile Homes are their regulations. Modern manufactured housing must comply with the Federal Manufactured Home Construction and Safety Standards also known as the HUD Code. These codes set minimum and maximum requirements for the construction of Manufactured Homes.
When you get an on-line mobile home insurance quote from Assurant, if you are insuring a Mobile Home, when you get to “Type of Home”, choose “Manufactured Home” which is the same as Mobile Home. They are essentially interchangeable terms.
A mobile home is a large house trailer that is parked in one particular place and used as a permanent living accommodation.
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. Prior to 1976 they were called Mobile Homes. Today technically even though properties built after 1976 are called Manufactured Homes, many people still refer to them as Mobile Homes. They are essentially interchangeable terms.
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.
A manufactured home is meant to be used as a permanent dwelling once it reaches its predesignated site.
Even though manufactured homes are “mobile” they are meant to be permanent once they are placed on their designated sites.
Just like home insurance, mobile home insurance is required.
Top manufactured home companies include:
- Irontown Homes
- Blu Homes
- Modular Direct
- Champion Homes
- Nationwide Homes
- Icon Legacy
- Palm Harbor Homes
- Clayton Homes
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.
Just like standard home insurance, mobile home insurance is not tax deductible.
- Coverage Amounts and Deductibles
- Home Age, Features and Materials
- Credit Rating
We can find you policies in the following states:
- New Jersey
- New Mexico
- New York
- North Carolina
- South Carolina
- South Dakota
- West Virginia
There is no age limit for getting a manufactured home insured.
Replacement cost value is the determined value of your mobile home that the insurance provider is willing to pay for a loss.
Market value is the determined value of your mobile home relative to prices of mobile homes in the market.
Actual cash value is the determined cash worth of your mobile home.