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  • Top Manufactured Home Insurance in Florida

    Manufactured homes, also known as mobile homes, are a popular and affordable housing option in Florida. However, owning a manufactured home comes with unique insurance needs. Finding the right manufactured home insurance in Florida is essential to protect your investment from risks such as storms, fire, and theft. This article explores the top manufactured home insurance providers in Florida, their coverage options, and what to consider when choosing the best policy for your needs.

    top manufactured home insurance

    Why Manufactured Home Insurance is Important

    Manufactured homes, while affordable, can be vulnerable to various risks due to their construction and location. Florida’s weather, including hurricanes, floods, and tropical storms, poses significant threats to these homes. Manufactured home insurance provides coverage for these risks, offering peace of mind to homeowners.

    Top Manufactured Home Insurance Providers in Florida

    1. State Farm
      • Coverage Options: State Farm offers comprehensive coverage for manufactured homes, including dwelling protection, personal property, liability, and loss of use. They also provide optional coverage for additional structures and identity restoration.
      • Pros: State Farm is known for its excellent customer service, extensive Agent network, and comprehensive policies tailored to individual needs.
      • Cons: Premiums can be higher compared to other providers.
    2. Geico
      • Coverage Options: Geico partners with Assurant to offer manufactured home insurance. Their policies include dwelling coverage, personal property, liability, and additional living expenses. Optional coverages like flood insurance are also available.
      • Pros: Competitive pricing and the convenience of bundling with other Geico insurance products.
      • Cons: Customer service can vary as Assurant underwrites the actual policy.
    3. American Modern Insurance Group
      • Coverage Options: American Modern specializes in manufactured home insurance, offering customizable policies that include dwelling, personal property, liability, and loss of use. They also provide optional coverages like trip collision and flood insurance.
      • Pros: Extensive experience in the manufactured home market and highly customizable policies.
      • Cons: May not offer the same level of discounts as larger insurers.
    4. Foremost Insurance Group
      • Coverage Options: Foremost, a part of the Farmers Insurance Group, provides comprehensive coverage options for manufactured homes. Policies include dwelling, personal property, liability, and additional living expenses. They also offer optional coverages like flood, earthquake, and identity theft protection.
      • Pros: Specialized in manufactured home insurance with a wide range of coverage options.
      • Cons: Premiums can be on the higher side.
    5. Allstate
      • Coverage Options: Allstate offers robust manufactured home insurance policies covering the dwelling, personal property, liability, and loss of use. Additional coverages like water backup, green improvement reimbursement, and identity theft restoration are available.
      • Pros: Strong financial stability and a wide range of additional coverage options.
      • Cons: Higher premiums compared to some other providers.

    Factors to Consider When Choosing Manufactured Home Insurance

    1. Coverage Needs: Assess the level of coverage you need for your dwelling, personal property, liability, and additional living expenses. Consider optional coverages like flood or earthquake insurance, especially in Florida.
    2. Cost: Compare premiums from different providers. While it’s tempting to go for the cheapest option, ensure that the policy offers adequate coverage for your needs.
    3. Deductibles: Higher deductibles can lower your premium but ensure you can afford to pay the deductible amount in case of a claim.
    4. Provider Reputation: Research the insurance company’s reputation, customer service, and claim handling process. Customer reviews and ratings can provide valuable insights.
    5. Discounts: Look for available discounts, such as multi-policy discounts, safety features, or loyalty discounts, to reduce your premium costs.

    Tips for Reducing Manufactured Home Insurance Costs

    • Bundle Policies: Consider bundling your manufactured home insurance with other insurance policies like auto or life insurance to receive multi-policy discounts.
    • Install Safety Features: Installing safety features such as smoke detectors, security systems, and storm shutters can lower your premium.
    • Regular Maintenance: Maintain your home to prevent damage and reduce the likelihood of filing claims, which can increase your premium.
    • Shop Around: Regularly compare quotes from different insurance providers to ensure you are getting the best rate.

    Common Exclusions in Manufactured Home Insurance

    It’s crucial to understand what your manufactured home insurance policy does not cover. Common exclusions can include:

    • Flooding: Most standard policies do not cover flood damage. Consider purchasing separate flood insurance, especially in flood-prone areas of Florida.
    • Earthquakes: Earthquake damage is typically excluded from standard policies and requires additional coverage.
    • Wear and Tear: Damage due to regular wear and tear, lack of maintenance, or aging is not covered.

    Conclusion

    Finding the right manufactured home insurance in Florida is essential to protect your home and personal property from various risks. Providers like State Farm, Geico, American Modern Insurance Group, Foremost Insurance Group, and Allstate offer comprehensive coverage options tailored to the unique needs of manufactured homeowners. By assessing your coverage needs, comparing costs, and considering factors like provider reputation and available discounts, you can choose the best policy for your situation. Remember to review your policy regularly and keep your home well-maintained to ensure ongoing protection.

    Disclaimer

    The information provided in this article is for general informational purposes only and does not constitute professional advice. Insurance policies and coverages vary by provider and individual circumstances. It is recommended to consult with a licensed insurance agent or company representative to discuss your specific needs and obtain personalized quotes and advice.

     

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  • How To Get Insurance For Your Mobile Home

    How To Get Insurance For Your Mobile Home

    How do you insure a mobile home when you own the home and lease the land it sits on?

    Further, is the same insurance available for mobile homes on leased land as there is for single-family homes?

    When working with clients who are new to the mobile home space, we are often asked if mobile homes on leased land can be insured and, if so, what type of insurance is available for these homes.

    For this blog, we will limit our conversation to what we at The Mobile Home Dealer specialize in: mobile homes on leased land.

    Mobile homes on leased land, as discussed several times through our previous blogs, are titled as used motor vehicles in Florida and not as a real estate since these homes come with titles for ownership and not deeds.

    If a mobile home is sold with the land, either in a rural setting or in a resident-owned community, then the home is viewed as real estate and not personal property.

    When you own real estate, the opportunities for insurance coverage are much greater than that of a mobile home on leased land. What we have found in our experience within the mobile home space is that many times, homeowners of mobile homes on leased land will take out some type of liability coverage for their mobile home. This coverage will often be for slips and falls, personal injury, or if someone gets hurt while on their property.

    This could cover the homeowner for a family member falling on a step if it was rainy and slippery or if the delivery person slipped and fell when delivering a package to the front door. We hope that no one ever gets hurt on or around your property, but on the off chance they do, many homeowners will have this type of policy coverage for their mobile home in case a claim needs to be filed.

    When we have mobile homeowners looking for full coverage, just as if they were owning a single-family home, they are usually surprised by how few other mobile homeowners carry this type of coverage within their mobile home park.

    One of the reasons we have seen so few people having full coverage on a mobile home located on leased land is that mobile homes are much less expensive to repair than similar repairs for a single-family home. To show this, I always like to give the example of damage to a mobile home carport. In this example, if someone you know took the turn too close while turning into the carport of your mobile home and damaged a pillar, it usually is much cheaper to have that repair done with a local professional in cash, as opposed to filing the claim with your homeowner’s insurance policy.

    How To Get Insurance For Your Mobile Home

    The reason for this is that once the mobile home owner factors in the insurance policy deductible and the possible increase in monthly premiums as a result of the filing, they may very well come out ahead if they had just paid for the claim in cash, as opposed to filing it.

    Homeowners insurance on mobile homes located on leased land is certainly available. Although we are not insurance specialists by any means here at The Mobile Home Dealer, we strongly suggest that you do your homework on what type of coverage you select prior to obtaining your mobile home’s homeowner’s insurance policy.

    Although manufactured homes, previously called mobile homes, are built in a factory and moved to a chosen place, they are not very different from the single-family houses built on the site, even regarding insurance. Whether you live there all year or season, it is essential to help protect your home with mobile home insurance.

    What covers mobile home insurance?

    Insurance coverages for mobile homes are usually similar to a standard policy for traditional house owners, which offers home coverage, your personal property, and demands for civil liability. According to the Insurance Information Institute* (III), the two basic coverages that are generally included in mobile home insurance policies are physical damage and civil liability.

    Physical structure and contents

    If your mobile home or its content suffers physical damage caused by dangers such as fires, robbery, or vandalism, repair or replacement costs are generally covered by a policy for mobile homes. The additional structures of your lot, such as a patio or a garage, and your personal belongings will probably also be covered. However, some policies only cover certain causes of loss. These “designated hazards” policies can have lower premiums, but be sure to check with your agent to know what is excluded from your policy.

    Civil Liability

    Policies generally include coverage against civil liability, which can help protect yourself (within the limits of the established policy) if you or someone in your home are responsible for the damage to the property.  However, the coverage against civil liability generally does not cover an injury that you have suffered or another member of your family, or anyone inside your mobile home. However, if your children accidentally break the neighbor’s window playing the ball, your policy will probably cover the repair cost.

    This is Mark Kaiser with The Mobile Home Dealer. We help mobile home Buyers and Sellers improve their lives.

     

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