Is a Manufactured House More Expensive to Insure?

Is a Manufactured House More Expensive to Insure?

A manufactured home is built within a factory setting and subsequently transported to its home site. There are differences between the two, though houses resemble houses in many respects. For one, manufactured houses often weigh less than traditional houses because they typically contain fewer building materials. Another vital distinction between a manufactured home and a stick-built house is that manufactured homes, as a whole, are more expensive to insure.

Manufactured Home Risk Factors

As with almost any home, a home benefits from homeowners insurance policy. Many insurance firms in countries like California offer manufactured homeowners different policies and policy levels similar to insurance for traditional houses. However, manufactured dwelling insurance generally costs more due to several issues, including its danger for fire and wind damage. Also, a manufactured home may be expensive to insure because of greater risk due to pipe damage and theft claims.

Fire and Fire Damage

Modern manufactured homes are not more prone to catching fire than traditional houses. However, manufactured home insurance may be expensive because firing at a manufactured home may spread relatively quickly and cause greater damage. Also, because a manufactured home is lighter than a traditional home, it could be more susceptible to damage by high winds, especially if it is not strapped to the floor or permanently affixed to a base.

Broken Pipes and Theft Claims

Insurers believe that homes are lightly insulated compared to houses. Less insulation on your manufactured home means a greater chance of frozen pipes in cold weather, which may result in damaged pipes and damage due to leakage. According to the”Strand Insurance” website, manufactured houses also tend to undergo more theft and, consequently, more theft claims. Manufactured homes are generally located in mobile home parks or even in areas that either attract thieves or allow them to roam undetected and unhindered.

Lowering Your Insurance Prices

Homeowners insurance providers provide dwelling policies . For instance, enhancing the safety and security of a manufactured home using smoke detectors and burglar alarms may result in a homeowners insurance coverage reduction. Tying or strapping a manufactured home and setting up a security fence may also cause lower premiums. And in the event that you’re able to afford it, increasing the deductible on your manufactured home’s insurance might help lower your policy’s price.

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