Structure Coverage.

The most important coverage in manufactured home insurance is coverage for damage of the structure of the home. Initially higher premiums were charged for structure coverage because manufactured homes were regarded as prone to extensive damage. Today many insurance companies have lowered their premiums because factory manufactured structural components are found to be more fire and damage resistant than traditional structures. Structural coverage for a manufactured home usually includes trip coverage or coverage for transport of the ready made home from the place of manufacture to the site. For structures aged ten years or less, insurance companies offer actual or replacement coverage.  

  Content Coverage.

A comprehensive coverage is given which covers all possible damage because of accidents and loss because of theft. This comprehensive coverage covers all contents of the manufactured home. A higher premium may be charged if there are many valuables in the home. In times of disaster, emergency replacement coverage can be obtained for replacement for the entire home. If you have a home business in your manufactured home the contents of the home office will also be covered by the policy in some cases at an extra premium.  

Discounts.

Manufactured home insurance attracts many of the discounts that are given for standard built homes. The many discounts given based on your relationship with the insurance company are the same for both types of buildings. Since most manufactured homes come with a five-year warranty for repair and replacement, you can get a 5% discount for the first five years. Discounts for security devices fitted in the manufactured home are the same for both types of housing. Senior citizen discounts are also given discounts in policies covering manufactured homes. If the manufactured home is fitted to the ground with insurance company approved ground anchors, discounts are given.

  Natural Disasters.

Insurance companies give coverage for flood, earthquakes and windstorms at an additional premium for manufactured homes. Peril insurance policies are also available at lower premiums with liability and time limits specifically designed for manufactured homes. 

Finding An Affordable Premium.

Using a quote engine on the Internet (such as the one on this site) will help you get the best rate among home insurance rates for your manufactured home. This is a convenient method of entering the details of your manufactured home and its contents on an online form and letting the quote tool find competitive rates from leading insurance companies specific for manufactured homes from which you can make an informed choice. It is suggested by the experts that you seek for yourself at least three quotes!