Whether you are looking to buy a brand new mobile home in Delaware, or have enjoyed the convenience and affordability of manufactured home ownership for decades and are looking for a new policy, the importance of protecting your dwelling with mobile home insurance is clear.
Before you search for mobile home insurance quotes, however, there are a few things to keep in mind
According to the American Community Survey:
"Mobile" and "manufactured" are terms that typically signify the same thing. "Mobile homes" technically were those made before 1976, before the HUD code for factory built homes was instituted. "Manufactured homes" are similarly built with lighter materials elsewhere and then transferred to the site where they are anchored to the ground - but they have updated safety codes and standards governing them. Even so, most people use these terms interchangeably. Because these materials pose higher risks to wind and fire damage, Delaware insurance companies offer policies that account for those risks. Generally speaking, the difference between homeowners insurance and manufactured home insurance is that, while site-built homes tend to increase in value (and thus your rates for insurance can raise over time), manufactured homes tend to depreciate, more like a car (so your insurance rates can lower over time).
A modular home is also built in a factory and transported to a site later, but because they are built onto their foundation much like traditional homes, a regular homeowners insurance policy is sufficient to cover these structures.
If you took out a mortgage to pay for your home, chances are your lender has certain requirements to be met with any insurance policy. Be sure to find out your lender's minimum requirements for any mobile home insurance policy.
If you rent your mobile or manufactured home, a renters insurance policy will protect you from losses.
The type of mobile home insurance policy and amount of coverage you need will depend on the size and value of your home, whether you own the land the home is built on and the risks in the area, among other factors.
Most Delaware insurance companies offer mobile home insurance that features:
Property can be insured in one of two ways: actual cash value or replacement cost.
Due to the fact that mobile homes come in all shapes, sizes and values, it is extremely difficult to estimate an average quote for mobile home insurance. On one hand, because mobile homes tend to be valued at less than traditional homes, the quotes on insurance policies tend to be less expensive as well. The Delaware insurance company you choose will most likely take the following into consideration when calculating your quote:
The importance of finding the right mobile home insurance policy to cover you in any number of events is clear. Knowledgeable, independent insurance agents on the Trusted Choice network are always here to help answer any questions you may have about your mobile home insurance policy, suggest coverage options and even help you file a claim. Their years of experience in working with Delaware insurance companies enables them to find a number of quotes from a variety of providers, ensuring you only receive the most comprehensive quotes at competitive rates.
Contact a Trusted Choice agent in your area to find out how you can be protected with mobile home insurance that meets your needs and budget.