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Manufactured homes insurance: What homeowners should know

by Robyn And Sean Sold My House Team 06/19/2024

Photo of an architect in front of a house

Manufactured homes insurance is similar to traditional homeowners insurance in many ways. However, because of the unique nature of manufactured home construction and mobility, there are some major differences.

Here's what to know about insurance for manufactured homes:

The difference between manufactured & mobile homes

Both mobile and manufactured homes are built in factories and set up on-site.

For insurance purposes, the main difference is the date the home was built: a manufactured home built before 1976 is a mobile home, and anything thereafter is a manufactured home.

What's covered?

Manufactured home insurance includes dwelling coverage, other structures coverage, personal property coverage and liability coverage - just like traditional homeowners policies.

What's not covered?

Like most insurance policies, flood and earthquake damage is not included in manufactured or mobile home insurance. Pest infestation, natural wear and tear and business-related damages are not covered either.

How much is manufactured home insurance?

Manufactured and mobile homeowners insurance costs range between $750 and $1,300 annually. Many factors can impact your rate, including location, your home's replacement cost, your deductible and age of your home.

Are manufactured homes harder to insure?

Manufactured and mobile homes are susceptible to wind and fire damage, which can make them more expensive to insure. Some other common risk factors include theft and pipe damage.

Many insurance companies offer incentives to lower the cost. For example, installing a home security system or features can give you a discount.

To find the best possible coverage, consult an insurance company.

About the Author
Author

Robyn And Sean Sold My House Team

Meet Robyn Nasuti and Sean Terrell, the dynamic duo behind the successful "Robyn & Sean Sold My House" team. Based in Upton, MA, we specialize in real estate services for the vibrant communities of Mendon, Northbridge, Uxbridge, Hopkinton, Holliston, Westborough, Northborough, Ashland, Bellingham, Milford, and beyond. 

Whether you're just starting your real estate journey or have a clear vision, our experienced team is dedicated to guiding you through the process. Trust us to leverage our expertise and make your real estate dreams a reality.