Mobile homes may face a large amount of stigma in today's society. However, these homes, also known as manufactured homes, are becoming increasingly popular and well-built.
Many people believe that you can't get insurance to cover a mobile home but, just like regular homes, insurance is available to cover mobile, manufactured, and modular homes. It's also an important part of home ownership, as mobile home insurance helps protect your family from loss and financial hardship when a disaster occurs that affects your mobile home.
Mobile homes are not the paper-thin counterparts of yesteryear. New mobile homes come with sturdy walls, vaulted ceilings, hardwood floors, and even sleek, modern appliances.
The new manufactured homes are more expensive, but they are typically much more affordable than their traditional counterparts, or about 25% less expensive than a townhome. While mobile or manufactured homes may be cheaper, they are still homes, and still need insurance in place covering them from risks, damages, and disasters.
Mobile home insurance in Maryland is a set of policies designed to protect your mobile home from damages. A typical mobile home policy may resemble the following:
A mobile home is also known as a manufactured home. These two terms are used interchangeably, as both are manufactured in a factory, and then brought to the site whole, on a trailer. Since they are not attached to the ground, these homes are typically more prone to damage from storms.
A modular home is a home that is manufactured in a factory, but is assembled in pieces on site. Each piece of the home is typically brought in via big rig and trailer. These homes are attached to a foundation, and are insured much like a traditional home.
Mobile home insurance policies depend on a variety of factors. When shopping for mobile home insurance, be sure to make yourself aware of the following:
All of these factors, and more, will be calculated in order to give you a mobile home insurance quote. Be sure to ask about available discounts, such as the following:
Each insurance company offers different discounts, so be sure to ask about any discounts you may be unaware of.
When searching for the right mobile home insurance for your family, it's important to have an insurance agent that knows the industry and knows the risks, so you get the best protection at the lowest price. A Trusted Choice® agent is always available to help discuss coverage options, find discounts, or even help you file a claim.