As the housing crunch continues in North Dakota, the number of mobile home parks cropping up all over the state continues to rise. Whether you have lived in your Williston mobile home community for decades and are looking for a new mobile home insurance policy, or you have just realized your homeownership dreams and are about to move in to your Minot mobile home, you can find the right insurance policy. Before you look for mobile home insurance or manufactured home insurance, however, there are several factors to keep in mind.
These are some statistics, according to census data and research analysis:
If you are still making mortgage payments on your mobile or manufactured home, your lender most likely requires you to carry insurance on it. If you live in a mobile home community, the association may also require you to obtain at least liability insurance. Regardless of the requirements, you can purchase a mobile or manufactured home insurance policy to protect yourself from liabilities and help you make swift repairs to your home if it sustains damage.
Mobile homes differ significantly from traditional, site-built homes. That's why insurance companies offer policies designed just for them. Manufacturers build mobile and manufactured homes in factories and then transport them to a site. Builders attach mobile homes to the ground using anchors, and they attach manufactured homes to a foundation.
Modular homes are similar to traditional site-built homes. A modular home consists of modules built in a factory. The builder uses the modules to construct the home at the site.
You may be able to find a traditional homeowners insurance policy if you own a manufactured home. For mobile homeowners, however, you need a specific policy that includes the following coverage:
The quotes you find for mobile or manufactured home insurance will vary from company to company in North Dakota. Most insurance providers take the following into consideration as they calculate your mobile or manufactured home insurance quotes:
Higher-valued mobile homes will be costlier to insure. Also, mobile homes in high crime areas will get more expensive quotes than those in safer neighborhoods. It's always a good idea to compare coverage and cost of several quotes from different insurance companies to ensure you buy the best policy available.
Your home is your castle and you want the protection only a robust mobile home insurance policy can offer. That's why you should enlist the services of a knowledgeable, independent insurance agent on the Trusted Choice® network. These experienced agents can find you quotes from a variety of providers, ensuring the mobile home insurance policy you buy will offer the best coverage at the most affordable rates.
Contact a Trusted Choice member agent near you who can assist you in finding the perfect insurance policy that meets your needs and budget.