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If your home is in an approved mobile home park, your premiums may also be lower. A mobile home could also be referred to as a manufactured home, although they are not technically the same thing. The main difference between manufactured and mobile homes is the date of construction. Manufactured homes are the modern version of the mobile home. Bankrate’s editorial team writes on behalf of YOU – the reader.
This is only a general description of available coverages and is not a statement of contract. All coverages are subject to policy provisions and applicable endorsements. This optional endorsement provides coverage for damage caused by earthquake or volcanic explosion that may otherwise not be covered. The most common perils usually covered by homeowners insurance are Smoke, Explosion, Fire, Windstorm, Hail, Lightning, Theft, Vandalism, Riot and Vehicle collision. The cost of insuring your mobile home depends on your local area, the insurance company, and the value of your home. State Farm, Allstate, Nationwide, Liberty Mutual, Geico, and Progressive do not offer policies for manufactured homes in Florida.
What does mobile or manufactured insurance cover?
They may just be the only company offering insurance in a particular area. For example, Citizens writes 74% of new policies in Palm Beach County Fl. Generally, older homes close to the ocean will have fewer companies to chose.
Some counties in Florida have cheaper premiums due to a lower risk level, but the value of the home is another big factor. The financial stability of your homeowners insurance company is extremely important. A large scale disaster could affect an insurer’s ability to pay claims. We recommend exploring the financial rating using a 3rd party rating organization. The two most organization for Florida-based companies are or Ambest.com. These 3rd party companies review and assign a financial stability rating.
Coverage designed specifically for your mobile home.
Insurance for High Value Items – Jewelry, watches, and guns have limited coverage under a homeowners policy. The above is meant as general information and as general policy descriptions to help you understand the different types of coverages. We encourage you to speak to your insurance representative and to read your policy contract to fully understand your coverages. Helpful event insurance agents, who can assist you in servicing your policy, are just a phone call away.
For those that qualify for USAA mobile home insurance, their rates are hard to beat. They also have bundling deals that can save you a lot of money. Progressive mobile home insurance came in with the cheapest quote, based on our location and set of factors. Other cheap mobile-home insurers include Foremost and State Farm.
How Much Is Mobile Home Insurance in Florida?
Whether your manufactured home is in a park, retirement community, on private property, we can help. Do you think your home is safe from flooding because you don't live near the coast? Floods can occur anywhere and outside of high-risk flood zones. Because of the way they are made, many mobile homes are not as durable as a traditional stick-built home. They are also light in weight which makes them extremely vulnerable to floods and high winds.
Manufactured homes come in many price ranges and thus need to be insured for the property’s current market value. Also, the age of your modular home will be a factor in your premium costs. Many older manufactured homes are significantly weaker and prone to damage than a newly built house with more robust materials. Extends your coverage to include the full cost of repair or replacement of your home and personal property, subject to the policy limits. Florida is an especially tumultuous home insurance market, with carriers failing or leaving the state frequently in recent months. Currently, a few carriers that offer mobile home coverage include Kin, Sutten National and American Mobile Insurance Exchange.
Who insures manufactured or mobile homes in Florida?
Customers can't renew a Citizens policy if they receive a cheaper offer for comparable coverage on a private-market policy. In either case, mobile home insurance is meant to protect against large financial losses, and it's advisable to get coverage. When you click on the "Start Quote" button or "mobile home insurance quote" link you will be taken to a site owned by Assurant, not GEICO. GEICO has no control over the privacy practices of the company mentioned above and assumes no responsibilities in connection with your use of their website.
But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. It makes financial sense to get a secured policy that will cover your home’s value. This way, if your modular pad is worth $100,000, then that is the coverage amount you need to aim for.
Call us if you have any questions about this valuable coverage. It must be that time we are not in the office and you need an insurance quote immediately. Florida doesn’t legally require homeowners to have home insurance, but your lender might. If your home is in a mobile home community or park, your landlord may require you to have mobile home insurance, too. Personal liability to help pay for legal expenses when you accidentally damage someone’s property.
Home, Health, Auto Insurance, Business Insurance, Group Benefits • Complete portfolio of insurance protection and financial security. All of our content is authored by highly qualified professionals and edited by subject matter experts, who ensure everything we publish is objective, accurate and trustworthy. Liability insurance helps protect you if someone gets injured on your property and then files a claim or attempts to sue you. Count on a trusted veteran-owned, family-operated agency for the insurance you rely on. Some of these companies listed above may be relatively new insurance companies in Florida. But others, like Foremost has been around since 1952, and Tower Hill Insurance/Omega since 1972.
Pays for personal property while it is in your home or anywhere else in the world in the event of a covered loss. The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories.
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