What Is Modular And Manufactured Home Insurance?

​Having good insurance gives you comfort and security in case of mishaps. Depending on what home you own, the coverage will range from liability claims, belongings, and the house itself. If you purchased a modular or manufactured home, what are the things you need to know? Keep reading to find out.

What is a Modular Home?
A modular home is built by sections or modules and is made off-site in indoor areas. These homes can be transported in one building and are assembled using a crane. However, you cannot move a modular home once made, staying in a specific area.

Notably, modular homes have the same standards as those homes made on-site. In addition, the home can also be built in a single or multi-level.

What is a Manufactured Home?
Manufactured homes have two distinct characteristics: made in factories and mobile. Although this may be true, most manufactured homes stay in place because transportation can be expensive.

Modular Home Insurance
The standard home insurance policy is for you if you own a modular home. The coverage includes the same as traditional home;
A. Dwelling Coverage
The first is coverage for any damage caused by a peril such as a windstorm or fire. 
B. Personal Property 
Secondly, there’s also coverage for damages on personal property caused by the peril.
C. Liability Protection
The third is medical and legal costs if a family member has an accident while at home.

Manufactured Home Insurance
Manufactured and mobile homes are covered by HO-7 or mobile home policy. The insurance protects the property like standard home insurance, including personal property, dwelling coverage, and liability protection. On the contrary, the coverage can be expensive because these homes are prone to damage, theft, and vandalism.

Conclusion
It is essential to have home insurance for any home. For a modular home, the standard insurance is a perfect match. At the same time, manufactured or mobile homes can have the same coverages as well. Regardless of the type of home you have, the best decision you’ve made is to insure it. 

At Best Insurance Group, LLC, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (970) 674-5000. Get your free quote today by CLICKING HERE. Coverage discussed in this article is not guaranteed. Please contact our agency to go over your existing coverage. We are happy to help you make sure your needs are being met!