Exp Realty
Manufactured homes insurance is similar to traditional homeowners insurance in many ways. However, because of the unique nature of manufactured home construction and mobility, there are some major differences.
Here's what to know about insurance for manufactured homes:
Both mobile and manufactured homes are built in factories and set up on-site.
For insurance purposes, the main difference is the date the home was built: a manufactured home built before 1976 is a mobile home, and anything thereafter is a manufactured home.
Manufactured home insurance includes dwelling coverage, other structures coverage, personal property coverage and liability coverage - just like traditional homeowners policies.
Like most insurance policies, flood and earthquake damage is not included in manufactured or mobile home insurance. Pest infestation, natural wear and tear and business-related damages are not covered either.
Manufactured and mobile homeowners insurance costs range between $750 and $1,300 annually. Many factors can impact your rate, including location, your home's replacement cost, your deductible and age of your home.
Manufactured and mobile homes are susceptible to wind and fire damage, which can make them more expensive to insure. Some other common risk factors include theft and pipe damage.
Many insurance companies offer incentives to lower the cost. For example, installing a home security system or features can give you a discount.
To find the best possible coverage, consult an insurance company.
I have been a licensed agent since 1985. My community involvement enables me to offer many contacts to you, the client. I will put you in touch with other professionals in the lending, home inspection, and closing business. My 35 years of experience in the real estate market will make your transaction a favorable one.
My professional designations include Certified Residential Specialist (CRS), Seller Representative Specialist (SRS), Accredited Buyer Representative (ABR), NAR Green Designation, and Loss Mitigation Certified. I have served as committee member and chairperson on many committees at the Greater Manchester Nashua Board of REALTORS and New Hampshire Association of REALTORS and am also a graduate of the Leadership Academy at NHAR. Awards include multi-million dollar producer, REALTOR of the Year, and Good Neighbor of the Year.
