Manufactured Home Insurance: Features and Coverage

Manufactured Home Insurance: Features and Coverage

Our houses come in all shapes and sizes, so why shouldn’t their insurances? If you live in a manufactured home — a factory-built home rather than a site-built home — we think it deserves the same amount of protection as a traditional home. That’s why we’re here to delve deeper into manufactured homeowners insurance and why it’s necessary. 

Manufactured home insurance, or mobile home insurance, is similar to a regular homeowners insurance policy in the sense that it provides the homeowner financial protection. In the event that your living space is damaged, you’ll be covered. However, there are some vital differences between a standard homeowners insurance policy and manufactured home insurance. Read on to know about them.

Insuring your manufactured or mobile home doesn’t have to be a complicated process, regardless of whether you live there all-year-round or during specific seasons. 

Read more: Features and coverage of home warranty vs home insurance

What is a manufactured home?

Manufactured homes are assembled in a factory and then transported to the location where the home will be lived in. Such a type of housing comes under the federal building code (which was enacted in 1976). Manufactured homes or mobile homes or modular homes are administered by the U.S Department of Housing and Urban Development (HUD). 

Your next question will be, “Why do I need insurance for such a home”, right? Well, a new manufactured home costs about $70,600 on average in the United States. Therefore, buying manufactured home insurance to protect your home and belongings, is a smart decision. 

Want to save money by getting the best rates on home insurance? You can use our new tool to compare rates from different companies and choose the best suited for you!

What are the characteristics of manufactured homes?

Such a type of housing:

Manufactured home insurance vs regular home insurance

While home insurance covers the home, your personal belongings, and liability claims, manufactured homes require special policies designed specifically for this kind of construction. The key difference between a manufactured home and a regular home lies in their construction. Manufactured homes are usually less energy-efficient and built of less expensive construction materials. That’s why manufactured home insurance can be more expensive for homeowners. This is because there is increased risk involved — maybe due to pipe damage and theft claims.

Why do I need manufactured home insurance?

While manufactured home insurance is not required by law, most mortgage companies and mobile home parks insist that homeowners buy the coverage. If you intend to get a mortgage or be a part of a mobile home community, you need manufactured home insurance. Keep in mind that forgoing insurance coverage means risking a large financial loss.

What does manufactured homeowners insurance cost?

It’s difficult to predict the exact cost of a manufactured or mobile homeowners policy. Since no two homeowners are alike, the insurance cost is different for each person. There can be a lot of factors affecting the type of insurance right for you. These include your zip code, home’s age and type, its unique structural features, and the coverage you seek. 

What does manufactured home insurance cover?

A mobile or manufactured home policy protects one of your most important investments — your home. It provides coverage for your home and personal property, such as home furniture, appliances, clothing, and electronics, against:

Apart from these, you can apply for additional coverage options for additional protection such as flood insurance, insurance against property depreciation, etc. — depending on your provider and the state you live in. 

Manufactured home insurance may offer you dwelling coverage as well as replacement cost coverage — covering all the repairs or replacement costs of the dwelling structures on the property, including sheds and garages. What’s more, if a covered loss makes your home uninhabitable, the insurance even covers you for lost rental income.

Manufactured insurance may also offer liability coverage — protecting you financially against covered claims and costly liability lawsuits. Last but definitely not least, it helps pay medical bills if, God forbid, someone is injured on your property.

What’s not covered under manufactured home insurance?

The standard manufactured home insurance doesn’t cover issues pertaining to:

How are home insurance coverage costs calculated?

Insurance companies quote certain premiums based on different aspects. Some of the insurance cost factors that determine the price for home coverages include:

Key takeaway

Mobile or manufactured homes are built off-site in a facility and then placed at their final location. Since their quality, features, and style can vary drastically, searching for the right manufactured home insurance can be challenging. But, we hope this article will help you in your pursuit of the best insurance.

If you want to save more on your insurance, find out if you qualify for insurance discounts. For example, some companies offer discounts if you install fire alarms, smoke detectors, burglar alarms, or any other home monitoring system. The savings/offers you get can also depend on the age of your home or the number of consecutive years you’ve insured your home. 

It’s crucial to get many manufactured home insurance quotes from different insurance companies or insurance agents near you. That way, you can be sure of getting the best possible deal.

The easiest way to do this is to visit an insurance quote comparison platform like It lets you shop for the best insurance deals at the click of a button. 

Why do you need manufactured home insurance? was last modified: February 23rd, 2021 by Ramona Sinha

This content was originally published here.

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