Finding Homeowner’s Insurance for Manufactured Homes

16 Comments

1. Need Mobile Home Insuance only. Tried of being over charged to cover my home. 361 676-9960 Foremost won’t cover me anymore.

   1. Hi Susan,

      Google American Modern Insurance. They were the only ones that would insure my 1978 single wide. It’s always a pain trying to find a company that will insure mobile and manufactured homes.

2. I know I’m way behind in this conversation, but we live in Nashville, have a 20-year-old manufactured home on 2.3 acres and we have Erie Insurance. We currently pay 992.00 but we have a very good policy(as compared to what others have offered us). Other companies quoted us 13-1700.00 for less coverage. Erie did require us to fill out numerous forms as far as construction, tie downs, foundation, but everything went through without a hitch. We also had them for our log cabin home insurance(another home many companies won’t insure) and our cars. They’ve been great. If you live in middle Tennessee, Wilson Bank and Trust in Lebanon, TN does offer home equity loans on manufactured homes. It took a while to go through, but we did receive a good size loan and rate which we can easily pay. They’ve been great, also.

   1. Thanks so much for the information! I appreciate you taking the time to write this out for us!

   2. Is your manufactured home considered real property in the county you live? I live in Person County, NC and it is classified as real property by the tax assessor. Do you know if Erie will insure your home for replacement coverage regardless of the age of the home?

      The company I am currently with has me insured for replacement value until the home gets 20 years old. Then they will come out and take pictures and determine if the home has been maintained well and then they might insure it for replacement value for another 5 years and after that they say they can only insure it for as is value. Does that sound right to you? This is my home permanently affixed to my land and I didn’t know that this was even a possibly an issue that would be coming up.

   3. Hi Ginger,

      There’s a disconnect with insurance for manufactured homes (even though they have a lower rate of fire damage than a site-built home). The companies seem to make up their own rules as they go along. Every company is different and every finance company will require a minimum amount of insurance to cover the loan payoff and protect their investment so that will need to be considered as well. Once the loan is paid off the insurance considerations change.

      You may want to call a competitor and see what they can offer and if their policy is similar.

      Best of luck!

3. We are in a wind zone 3 mobile home requirement area and not in a flood zone. Progressive quote was way up there 6k i think, geico subs it to assurant we you do it online ,that is who we have it with now but it is still $4000/year and only covers the house for 30k and content 15k. No way we could replace this double wide for 30k cost close to 9k just to move one, we just moved this one here last year. We just requested a quote from foremost to see what their price is. We are debating now on just dropping it all together and put the money in savings and get the content only coverage through state farm with is like $30/month. we used to have coverage on a 200k house in this area and paid 2k/year.

   1. Hi Jimmy!

      Owning a manufactured home does have some issues and insurance is one of the biggest. I’ve heard story after story, just like yours, and it isn’t fair. Especially since its been proven that manufactured homes are less likely to have a house fire (Foremost did a study and proved that site-built homes have 18 fires out of 1000 while manufactured homes had less than 10).

      I have several family members that have forgone homeowners insurance because they would rather have a coal stove (we are in the coalfields after all) and insurance is way to expensive if you have one. They put a little in savings and that’s it. It’s 2015, homeowners of any kind of home should not have to make that decision!

      Thanks so much for sharing your quotes with us. I think it helps a lot of people understand the differences in states and home types. I appreciate you reading MHL too! Thank you!

4. We ran into problems trying to find insurance when we first bought our manufactured home almost 10 years ago.. We ran into the “attitude” quite a bit, with offers of very hefty insurance rates, until we contacted a local insurance company, which is an independent agency that insures through many companies. They always do a search each renewal to make sure we’re getting the best deal.. here in Michigan, our insurance runs around $400 for the year, which is very affordable.. We have our car insurance through progressive (which our agency also insures through), but they will not insure a manufactured home. I once tried Geico just to see if their rates were any better, and they will not insure a manufactured home, either.. I don’t get it!

   1. Thanks for the info Karen! It’s always good to know how others are fairing! Hopefully, as manufactured homes and tiny homes gain ground we’ll have it easier.

      Thanks for reading MHL!

5. Unfortunately, homeowners insurance near the Gulf coast is prohibitively expensive for MHs. We are in Wind Zone 2, and the premium quoted on our 2007 doublewide was nearly $1000/a MONTH; this was a new replacement value ($75K) policy with no options for a lower value and only one company offering any insurance at all.

   Since we only paid $25K for the house, paying this amount meant we would essentially be buying our house again every 2 1/2 years. We opted for a savings account instead.

   1. Smart choice Allison! Insurance seems to be a rich persons game that not all of us can play. We are without insurance right now just because I want to install a very small wood stove.

      My family here in southern WV cannot get affordable insurance on their manufactured homes because they have coal stoves. Never mind that we are in coal mining country and know coal inside and out – it’s practically breed into us at birth…lol. Thankfully, none that I know have had any issues with their stoves!

      Maybe you can just get insurance on the contents of your home, something like renters insurance? Then, your savings account could be used just for the structural issues that may occur during a tragedy. I do wish you the best – hopefully, we can all find insurance that is affordable one day!
      Good luck to you!

6. Got my loan and insurance through CountryPlace Mortgage out of Fort Wort, TX. I had a lot of people turn me down for a loan. But CP took care of me. I highly recommend them.

   1. Thanks so much for letting us know about them! It really shouldn’t be hard to find proper financing and insurance for a home that 20 million people live in.

7. Great article. I live in FL and was just quoted $1,955.74 by HomeFirst. They said they would need to run an evaluation based on the age of the home. I’m sure I can get a better deal than this. Will keep you updated

   $100,000 dwelling
   $25000 personal property
   $500 adjacent structures
   $25000 liability

   1. Thanks so much Sharon! Every little bit we of information we can get will be helpful!

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