You have purchased your Missouri mobile or manufactured home for a reason. Whether it was the appeal of affordable living or to accommodate your aging parent and to keep them close, you want to protect your investment with mobile home insurance. Before you search for manufactured home insurance quotes, there are a few things to keep in mind.
Your home is just like traditional homes found anywhere in Missouri. You keep your belongings there; you invite family and friends over to share a meal. You take care of your home. Not having built it on a foundation like a home doesn't mean you care for it any less.
Mobile and manufactured homes are becoming extremely popular. These types of residential structures accounted for more than 70 percent of the growth of affordable housing in the 90s. Billionaire Warren Buffet knows a good investment when he sees one. That's why, in 2007, he spent the $750 million necessary to buy out Clayton Homes, the nation's top manufacturer of mobile homes.
And, just like any proud homeowner, you want to protect the place where you rest your head at night. A well thought-out mobile home insurance policy will do just that.
Site-built homes generally tend to increase in value over the life of a 15- or 30-year mortgage. Manufactured or modular homes, however, generally decline in value over time, which makes them more like vehicles or business equipment in the eyes of MO insurance companies.
Besides the differences in valuation over time, mobile and manufactured homes also have different levels of risk from site-built homes.
Mobile homes are at increased risk for damage due to weather, as manufactured structures are typically not built on a foundation (modular homes are an exception.). Additionally, the building materials tend to be lighter in weight than with site-built homes, and they are statistically riskier for fire damage.
It is for these reasons insurance companies offer a different kind of policy to protect your specific type of home. Your mobile, manufactured or modular home is likely perfectly safe, but your insurance company carefully measures the risks you face in your home when they issue you a policy.
Your mobile home policy helps protect your mobile home, and structures that are on the same piece of land as the home but are not attached to it (such as a shed or detached garage), from all forms of loss unless they are specifically excluded in the policy.
Covered perils include, but are not limited to, fire, windstorm damage, damage from falling objects, lightning, explosion and more. Tornadoes and other natural disasters can strike Missouri with little notice. You can also get these protections:
Your mobile or manufactured home is your greatest asset and protecting it against loss is vital. If you choose the least expensive policy, you may not have adequate coverage to rebuild after a catastrophic loss.
In general, you can expect to pay between $250 and $1,300 per year for manufactured home insurance. Your actual mobile or manufactured home insurance quotes will depend upon a number of factors, including the following:
Your mobile or manufactured home is a great investment. You have chosen this affordable life for a reason, so protect that life by making sure you have insurance on your Missouri home.
Contact a knowledgeable Trusted Choice® independent insurance agent to find the most affordable, yet comprehensive, manufactured home insurance quotes available in Missouri.