Manufactured home policies help you to protect your mobile or manufactured home, your belongings and your family. They are built in a factory with lighter material, then transported to a site where they are typically tied down via ground anchors for stability. Built differently than standard homes, they need special insurance policies to assume the added risks that come with a strapped down-home versus one built on a concrete foundation. You can adjust your insurance policy to fit your needs and budget with a range of options.
Manufactured homes are often one of the largest investments a family will make and therefore it is highly recommended to ensure it is properly protected. If you finance your home and make payments to a bank or mortgage company, you will most likely be required to insure the home to protect the bank’s investment.
Standard coverage includes:
Dwelling (home structure- walls, and the roof)
Other Structures (shed, stand-alone garage)
Personal property (furniture, bicycles, stereos, etc.)
Liability protection (lawsuit from injury on your property)
Guest medical protection (medical expenses from person injured on your property)
Personal property reimbursement provision (belongings at face value)
Fire department coverage
Extended coverage (jewelry, watches, furs)
Business pursuits (such as for classroom teachers or clerical office employees)
Satellite dish antennas personal property protection
Trip collision coverage (transportation from factory to your location)
Vendor’s single interest coverage (collision during transportation and types of fraud)
Mine subsidence insurance (movement or collapse of land caused by manmade underground mines)
Identity restoration coverage (identity stolen)
Mobile home polices are frequently based on replacement cost, actual cash value or a stated amount.