According to a recent U.S. Census, there were 207,861 occupied mobile homes in the state of Washington in 2010. Mobile homes provide residents with a housing option that is more affordable than traditional homes, which opens the door to homeownership for a larger population. A comprehensive mobile home insurance policy can help protect the investment that you have made in your residence if you are among the 7.5 percent of homeowners in this state who have this type of house. Comparing manufactured home insurance quotes in Washington can help you be sure that you are getting a great policy at a competitive rate.
Mobile home insurance is a specialized form of homeowners insurance that is specifically designed to meet the unique coverage needs of mobile home owners. Frequently referred to as manufactured homes, mobile homes have evolved significantly over the years. Since 1976, they have been built to meet HUD safety and building material standards.
Manufactured homes are built in a factory, and are then transported to their intended location where they are fastened to the ground using straps and anchors. They differ from modular homes, which are built in sections in a factory and are then assembled at the location where they will be permanently situated. Because modular homes tend to appreciate, rather than depreciate, in value and are not mobile once assembled, they are covered by traditional homeowners insurance policies rather than mobile home insurance.
Like traditional home insurance, mobile home insurance provides structural, contents and liability coverage. However, this coverage tends to come at a lower rate since replacing and repairing these homes does not cost as much.
Severe weather, including storms that bring lightning, hail or heavy winds, can cause a lot of damage to manufactured homes because they are not built as sturdily as many traditional homes that sit on a foundation. Though a rare event, in heavy winds, the anchors that hold these homes attached to the ground have the potential to loosen, which could cause the house to become severely damaged.
Be aware, however, that mobile home insurance policies do not provide coverage against floods. Because these homes do not have basements, flood waters are likely to cause a lot of damage to the living areas of your home. This can destroy expensive electronics, major appliances, furnishings, décor and other valuable possessions. The only way to get coverage against this type of disaster is by supplementing your mobile home insurance policy with an NFIP-backed flood insurance policy, which is available throughout the state of Washington.
Because your mobile home insurance policy is designed to compensate you for losses that result from property crimes, living in a city in Washington with a high burglary rate is likely to impact your mobile home insurance costs. Those who live in lower crime areas will likely see savings on their policies.
Washington is among the least expensive states in which to insure a home, with an average home insurance rate of $569 per year. Because mobile home insurance policies are generally more affordable than traditional home policies, you should be able to find a number of policies for under $45 per month.
Your rate will be calculated according to a number of factors, including:
You may be able to get even lower rates on your policy if you qualify for certain discounts, such as:
Be sure to ask about possible discounts any time you request manufactured home insurance quotes.
Comparing different manufactured home insurance policies and quotes in Washington can be time-consuming and, at times, frustrating. When you work with an insurance agent in the Trusted Choice® network, this process becomes much easier. These independent agents can use their relationships with a number of highly-rated insurance companies to provide you with a selection of competitively-priced policies from which to choose.
Local agents understand the unique risks faced by residents in their Washington communities, and are therefore best equipped to help you obtain a suitable policy that meets both your coverage and your budgetary needs. Find a Trusted Choice agent near you to learn more about your mobile home insurance coverage options.