Manufactured Home Insurance Companies

Manufactured Home Insurance Companies

As a producer or agent, you want to provide your clients in those underserved markets with the best products at the best prices. Owners of mobile or manufactured homes represent a fair share of customers that are often underinsured. After all, their homes, unlike standard homes, face many threats related to weather, fire, and other hazards that can destroy one of these dwellings in little or no time.

Manufactured home insurance companies have a tradition of ensuring that this particular brand of homeowner gets the type of protection they so rightly deserve. And just like standard home insurance coverage, mobile or manufactured home insurance protects these beloved homes and the personal property and other contents within from loss or damage caused by covered perils. A typical insurance policy for a manufactured home covers the following perils:

  • Fire
  • Storms (wind, rain, snow, tornadoes, etc.)
  • Burglary, and
  • Vandalism

For example, manufactured homes often become the victims of fires due to overloading electrical outlets. An unattended home of this type could burn to the ground in a matter of minutes. Without insurance, the owner would be looking at a total loss and no means of compensation. Other comprehensive coverage that is offered and available through most insurers includes:

  • Landslide
  • Falling objects
  • Lightning
  • Explosion
  • Water damage from bursting pipes
  • Damage by wild or stray animals, and
  • Collapse from the weight of ice and snow

Many insurance policies will also provide your clients with personal liability coverage to protect them from lawsuits or judgments should they be found responsible for causing injuries to others. In addition, you should sit down with them and discuss coverage options. They should consider what works best for them, Actual Cash Value (ACV) or Replacement Cost (RC). Most claims are for partial losses, so this coverage is an important factor to consider.

Partnering with the right MGA can make a world of difference. Working with manufactured home insurance companies with access to multiple insurance companies (that provide policies to fit any needs and all budgets) is one of the best choices you can make as an agent. Work to get your clients great coverage at an affordable rate!