Auto Insurance Louisville KY Serving Louisville for Over 35 years!
(502) 933-2255 | (800) 468-1215
Auto & Home
Insurance
Commercial
Insurance
Life
Insurance
Church
Insurance

Mobile homes or manufactured homes are much more than trailer parks. Today these communities are upscale, well-located and filled with families and retirees who prefer a simple lifestyle. Mobile homes come in a wide variety of shapes, sizes, and prices, but all mobile homes have one thing in common: they need to be protected with mobile home insurance.

Modular Homes

Mobile Home InsuranceThere are two main types of mobile homes, modular and manufactured. A modular home is a pre-fabricated home that is transported in pieces and then put together in site by contractors. These homes are usually assembled to a permanent foundation and do not move.

A modular home looks and feels like a regular home in many ways, it is simply constructed differently. For modular homeowners, a standard home insurance policy will provide all the adequate coverage necessary.

Manufactured Homes

A manufactured home is what most people think of when they think “mobile home.” These are homes that are constructed entirely in a factory and are towed to the site. They sit on the ground and are not attached to a permanent foundation. For owners of a mobile or manufactured home, a specialized policy is required.

Mobile home insurance is very similar to homeowners insurance, it protects owners from financial loss if the home itself, or personal possessions are damaged or destroyed. A typical policy would cover fire, storms, burglary, vandalism and liability coverage in case someone is injured on your property.

Available Discounts

Note that not all forms of coverage are available in all policies so it’s important to evaluate and get a policy that includes the coverage important to you. There are several discounts available for mobile home policies, so be sure to ask your agent to see if any of these may apply to you:

  • Original owner discount: Save up to 5 percent
  • Multi-policy discount (mobile home/renters and auto): Save up to 15 percent
  • Home safety devices: Save up to 15 percent
  • Fire-resistant material: Save up to 15 percent
  • Senior discount (typically 55 and older): Save up to 10 percent

When the housing crisis was in full swing, the mobile home market saw significant growth. As a general rule, whenever the traditional housing market suffers, the manufactured housing market thrives and vice versa.

By the late 2000s, as interest rates and housing prices climbed in tandem, house-hunters were increasingly attracted to mobile homes. This increase in the market led many people to the attractive option of simple, less expensive, and convenient mobile homes.

Mobile homes now account for roughly 25 percent of new residential structures in the United States, and more than 10 percent of total housing, according to the Manufactured Housing Institute. When looking into a new mobile home, or to ensure you have adequate coverage on your current home, contact your representative today.


By Matt Reynolds - Google+
Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version
 
  Connect With Us: Social Social Social Social Social
Icon
Site Links

Home
Get A Quote
Our Companies
Testimonials
About Us
Contact Us

Claude Reynolds Insurance Agency, Inc. BBB Business Review

Louisville Auto Insurance Review

Icon Visit Us

Claude Reynolds Insurance Agency Inc.
6801 Dixie Hwy Suite 232
Louisville, KY 40258
Phone: 502-933-2255
Fax: 502-933-5057
Map & Directions
Claude Reynolds Insurance Agency Inc. | 6801 Dixie Hwy Suite 232, Louisville, KY 40258 | 502-933-2255
Powered by Insurance Website Builder | Online Marketing by One Thing Marketing