Homeowners choose to live in mobile or manufactured homes for a variety of reasons. Mobile homes cost less than most site-based homes and maintenance costs normally run lower. This tends to attract "empty-nesters" who are interested in cutting their housing costs or young couples who want to save money on their first home purchase. Other mobile homeowners like the idea of being able to transport the home to a new location if necessary.
Since a mobile home is not built on a foundation, it can be more susceptible to weather risks, like strong winds, storms, and tornados. Hopefully, you will never experience this kind of event, but if you do, you need to make sure your mobile or manufactured home is properly insured with Ohio mobile home insurance. An independent insurance agent can help you compare hundreds of insurance companies, coverage options, and rates. Contact a local member agent now for Ohio manufactured home insurance quotes.
Ohio Mobile Home Stats
- Total housing units in OH: 4,783,051
- Total mobile homes in OH: 220,213
- Mobile homes as a percentage of housing units: 4.6%
What Are Manufactured, Mobile and Modular Homes?
Some mobile homeowners wonder if mobile homes and manufactured homes are classified the same as modular homes for insurance coverage. While it's true that all off these are factory built, modular homes are built in a factory in sections and then the sections are constructed and built into a foundation, like a site-built home. So if you're insuring a modular home, you normally need a standard homeowner policy designed for site-built homes. Manufactured homes and mobile homes are technically the same thing. These homes are constructed in a factory, then affixed to foundations with straps, augers, and anchors.
What Does Ohio Mobile Home Insurance Cover?
Mobile or manufactured home insurance is actually similar to a homeowners policy. It covers liability issues, the structure of and the contents inside your mobile home. But, since mobile homes are made of different materials and anchored into place with straps and augers, the risk of structural damage is higher than a site-built home, which is constructed on a foundation.
- Property Damage: Covers the structure of your mobile home if it is damaged by fire, high winds, severe weather, vandalism and other covered events. This options also covers any garages, sheds or outbuildings on your property.
- Contents: Covers the items in your home, including furniture, appliances, computers, electronics, clothes and more from damage and/or theft.
- Liability: Protects you from lawsuits and third-party liability claims. If someone is injured, dies or has property damaged in your mobile home, you can be held responsible. Liability pays these claims and provides legal defense costs if you are sued.
Also, the value of a mobile home normally depreciates, or drops in value similar to a car. On the other hand, a site built home normally appreciates, or increases in value. This affects the cost of your policy as the replacement or repair costs for your mobile home may go down over a period of years. You want to find a mobile home insurer who is willing to adjust your premium periodically as your mobile home depreciates.
How Much Does Ohio Mobile Home Insurance Cost?
On average, mobile home insurance rates range from $100 to $800 monthly. The cost of your mobile home insurance varies based on multiple factors. Some of the factors the insurance company considers are the value, the size, and the location of your mobile home, as well as the building materials, the method of strapping or anchoring the mobile home to the ground, additions to the structure, and security systems, such as alarms or monitoring services.
Free Manufactured Home Insurance Quotes
Now is the time to get the Ohio mobile home insurance you need to protect your manufactured home from severe weather, high winds, fire, theft, and other unforeseen mishaps. An agent is independent and can compare hundreds of insurance companies, coverage options, and rates to find you the Ohio mobile home insurance you need at a price you can afford.
Contact a local member agent today for Ohio manufactured home insurance quotes.