Manufactured homes, also known as mobile homes, are a popular housing option for many people. These homes are built in a factory and then transported to a site, where they are anchored to the ground. While manufactured homes can be a cost-effective and convenient housing option, it is important to note that they may have unique insurance needs. In this article, we will discuss what you need to know about manufactured home insurance.

First, it is important to understand that manufactured homes are typically not eligible for standard homeowners insurance policies. This is because they are considered to be personal property rather than real property. To insure a manufactured home, you will need to purchase a specific type of insurance policy known as a manufactured home policy.

A manufactured home policy is similar to a traditional homeowners insurance policy in that it provides coverage for the structure of the home, personal property, and liability. However, there are a few key differences between the two types of policies. For example, manufactured home policies typically have lower coverage limits for personal property and higher deductibles. Additionally, many insurance companies will only offer coverage for manufactured homes that are anchored to a permanent foundation and have been updated to meet current building codes.

It is important to note that the cost of manufactured home insurance can vary depending on several factors, including the location of the home, the age and condition of the home, and the type of coverage you choose. In general, manufactured homes located in areas with a higher risk of natural disasters, such as hurricanes or tornadoes, will cost more to insure. Additionally, older manufactured homes that have not been updated to meet current building codes may also be more expensive to insure.