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Buy Mobile Home Insurance Online

mobile-home-insurance-online
Today, the Internet is reshaping the way we buy everything from clothes to music. It is also lowering the prices for many necessities like insurance. With direct home insurers like Citizens Property Insurance, consumers can buy more coverage for less. They can often times get a better policy than through a traditional agent, all on-line. This is also true for mobile home insurance. They are viewed a bit differently by insurance carriers because they are not built “on-site” from the foundation on up. Mobile or manufactured homes are usually assembled in a factory and then delivered via truck to the lot and literally affixed to the foundation. Nonetheless, these structures are still homes and need to be insured carefully. Let’s look at how to buy mobile home insurance online with the best coverage that will save you hundreds.

For many people, their mobile home will be one of their biggest assets they buy in their lifetime, if not their biggest. A good, solid mobile home insurance plan needs to be put in place to protect it. This means you need to get a secured policy that will cover the value of your home. So if your modular pad is worth $100,000, then that is the coverage amount you need to aim for. If you live in an area that is prone to natural disasters like hurricanes, flooding, and tornados, then your policy needs to cover these weather events. With a Citizens mobile home insurance policy, you can get complete coverage for as little as $20 a month and even buy your policy online. Get started with a complimentary quote and compare rates today.

Mobile Homes are Popular in the United States

There are 33 states in the USA where about 5% of houses are manufactured or mobile homes. Nationwide, there are almost 10 million of these housing units altogether. One of the main benefits is cost and the ability to transport the home to another location. For many people, housing costs are out of reach. The only way to secure the American dream of property ownership is to buy a manufactured or mobile home. In fact, much of the growth in the U.S. housing market is due to the increased popularity of these structures. This is especially true when times are tough, such as economic recession and people need an affordable residence. There are roughly 17.1 million people in the United States that live in manufactured homes, and they are more popular than ever. Get a free Citizens mobile home insurance quote and save hundreds with direct prices.

What exactly is a Mobile Home?
Some people think the terms “mobile” and “manufactured” are somewhat similar but different. The truth is they necessarily mean the same thing. When the HUD government agency began to impose stricter regulations on mobile homes in the 1970s, many people began to refer to them as manufactured homes. This is because they reflected the new HUD guidelines that governed the construction of these units. A mobile home is similar as it is built in a factory and then shipped to the buyer’s residence. A modular unit is a bit different. It is often built in sections at a factory and then semi-constructed at the home’s location, much like a traditional house.

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Mobile Homes often Decrease in Value over time
Unlike a home that is constructed from the foundation on up, mobile homes are seen as assets that depreciate or do not go up in value at all. Many finance companies see these structures like vehicles, in the sense that over time, they will depreciate. There are of course exceptions, such as manufactured homes in a prime locations, like near the beach or popular casino, etc. This is why it is also difficult for many consumers to get a 30-year mortgage for these properties. The finance companies need to factor in depreciation as opposed to the usual appreciation of on site-built traditional house.

Mobile Homes and Insurance Costs
Mobile homes, in general, are a bit expensive to insure relative to the value of the structure. There are several reasons for this. One is manufactured homes tend to get broken into more. Another reason is in severe weather events, like a tornado, they tend to suffer much more damage. In fact, most mobile houses will be totaled in a direct hit from a tornado or hurricane. Remember, these units are not built upon a strong foundation and can easily be damaged in extreme conditions, like flooding or hurricanes.

The average cost of insuring a mobile home in the United States can vary from $250 per year to over $800. Pricing depends on several factors like the properties age and value, the deductible amount, type and amount of coverage and location. In an area like California, that has higher property values, insuring a manufactured home may cost $800 or more per year. In contrast, a single-wide unit in rural Alabama that is valued at $28,000 may only cost $260 per year. Keep in mind that the size of the mobile property will also affect insurance prices. Double-wide houses will cost more to cover that single-wide one. Get your free Citizens manufactured home insurance quote and compare rates in minutes.

Get the Right Manufactured Home Insurance Policy

Just like with any policy, mobile home insurance coverage has several types. This includes:

*  Liability Insurance

This will insure you in the event someone is injured on your property and files a claim for damages

*  Property Damage

This is the most important aspect of your policy and will insure your home for any damages that might occur. This includes, but is not limited to events such as natural disasters, fires, etc.

*  Contents Insurance

This will protect you financially in the event your personal property inside your home is damaged. A good solid policy will cover damages, theft and legal liabilities. Flood insurance may be purchased as an option and may be required to obtain financing if the property is in a high flood area. The most important thing is to insure your home for is its value and the personal contents inside you want to protect. So if the value is $125,000 and the contents inside are worth $25,000, then $150,000 is a coverage benchmark you should get covered for.

How to get Cheap Mobile Home Insurance
There are several ways you can get cheap mobile home insurance. Here are a few of the most important.
*  Bundle your manufactured home and auto policies together. This will not only make your life easier, but it can save you up to 20%

*  Get a higher deductible. The higher your deductible amount, the lower your monthly premiums will be

*  Install safety devices like a smoke or carbon monoxide detection device. This will save you about 5%

The last tip is to buy mobile home insurance online with direct carriers. The best rates for manufactured mobile home insurance are almost always going to be found on-line. You can compare rates and companies on the web in only a few minutes. Most people can get better coverage and save hundreds by shopping direct with companies like Citizens homeowners insurance. Get started now with your custom quote.