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Coverage Includes Additional Coverage Available Additional living expenses. Low Deductibles - As low as $250, so if you need to make an insurance claim you won't have to come up with very much money out of pocket. Mobile Homes, Manufactured Homes or Trailer Homes is a classic naming convention for homes made off-site, and then delivered to their intended location. American Modern has been offering specialty insurance since 1965.
There are about 822,000 manufactured and mobile homes in Florida today, according to the Census Bureau, nearly 10% of the total supply of homes. Manufactured home, factory built home, modular home, or mobile home? No matter what you call them, it's your home and we can help you protect it. Standard Casualty Company has been protecting homeowners for over 40 years. We not only protect homes made by Palm Harbor, but those made by any manufacturer.
Pruett-Williams Insurance Agency
These 3rd party companies review and assign a financial stability rating. After the hurricanes in , finding a Florida mobile home insurance company got hard. In fact, most companies stopped writing mobile homes in Florida. Insurers mentioned the catastrophic damage from hurricanes as the top reason.
When purchasing mobile home insurance in Florida, there are a few state-specific things to keep in mind that could help you find the right amount of coverage at an affordable price. Our insurance team is composed of agents, data analysts, and customers like you. They focus on the points consumers care about most — price, customer service, policy features and savings opportunities — so you can feel confident about which provider is right for you. All of our content is authored by highly qualified professionals and edited by subject matter experts, who ensure everything we publish is objective, accurate and trustworthy. A mobile home is any manufactured home built before a 1976 Housing and Urban Development act changed building standards. More than 300,000 mobile homes that haven’t been required to make those upgrades are still in use in Florida, according to a study from the International Hurricane Research Center.
What Does Florida Mobile Home Insurance Cover?
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Tips below will help you protect your mobile homes in extreme weather. There is no tag / serial number, and they do not need to be renewed annually. In many cases, Modular homes look more like traditional stick-built homes.
Manufactured and Modular Home Insurance
That’s why the cost of our policy is cheaper for manufactured homes built in or after 2000. Flood insurance may be required if you finance your manufactured or mobile home. Mobile home insurance carriers often have a separate deductible for hurricane damage, which could be a flat-fee deductible or a percentage of the value of your manufactured home.
Unfortunately, this is not always true, and in many cases, you might end up paying as much formobile home coverageas your neighbor for a standard brick house. Currently, there are 260,000 owner-occupied mobile homes insured. The largest 5 insurers provide 78% of mobile home insurance policies. Citizens Insurance (#4) is the state run company of last resort. You can see how our prices compare to other Florida mobile home insurers below. These premiums are based on replacement cost coverage, not actual cash value policies.
Bankrate
Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. A Manufactured home insurance policy, like a homeowner’s insurance policy, may also offer coverage for liability, should someone be injured in your home or on your property. Yes, we offer mobile home insurance throughout most of Florida that includes wind & hurricane insurance.
Specialists- Unlike other insurance services, MHIS deals exclusively with manufactured / mobile home insurance. This optional endorsement provides coverage for damage caused by earthquake or volcanic explosion that may otherwise not be covered. Pays for covered repairs or replacement of the dwelling and other structures on the same property, such as sheds and garages. State Farm, Allstate, Nationwide, Liberty Mutual, Geico, and Progressive do not offer policies for manufactured homes in Florida. Even if you outright own your home and place it on private property, the extreme weather in Florida makes coverage a smart investment regardless. You never know when disaster will strike, and your coverage offers you the support to rebuild and recover.
Also, the age of your modular home will be a factor in your premium costs. Many older manufactured homes are significantly weaker and prone to damage than a newly built house with more robust materials. We are the insurance agency in Naples that offers a variety of different coverages. Bassine Insurance Agency has protection for your manufactured and mobile home as well as auto and golf cart insurance in Naples to name a few. Houses and condos are not the only housing structures that have unique insurance needs. Owners of manufactured homes face insurance claims unique to them.
Then, get started with your free Citizens Property Insurance quote and get insured for much less. Manufactured homes come in many price ranges and thus need to be insured for the property’s current market value. If you have a double-wide home, for example, on a cliff overlooking the ocean in California, you will be paying more than a person near a mud hole with a single wide in southern Alabama.
Geographical regions with a higher propensity for fires, tornados, or other severe natural events will cost more to insure your manufactured home. Choosing the proper limits for your mobile home is a crucial decision you should weigh carefully. You want to select high enough limits that in the event your home is totaled or destroyed, you can replace it when you file a claim. For example, if your mobile home is worth $150,000 and you only have $100,000 in limits to replace it, you would need to come up with the balance to rebuild your home.
Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Don’t forget to ask about our medical policies that can pay for some of these expenses.
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