If you own a manufactured home, it’s important to protect your investment with the right insurance coverage. While many insurance companies offer policies for manufactured homes, not all policies are created equal. In this article, we will discuss the top manufactured home insurance companies, what to look for in a policy, and frequently asked questions about manufactured home insurance.
Top Manufactured Home Insurance Companies
When it comes to purchasing manufactured home insurance, you want to choose a reputable company that offers comprehensive coverage at an affordable price. Here are the top manufactured home insurance companies:
Company |
Policy Options |
Customer Service |
Price |
Overall Rating |
|---|---|---|---|---|
State Farm |
Standard and comprehensive policies |
Excellent |
High |
5/5 |
Allstate |
Basic and premium policies |
Good |
High |
4/5 |
Progressive |
Basic and customizable policies |
Excellent |
Medium |
4.5/5 |
Nationwide |
Standard and comprehensive policies |
Good |
High |
4/5 |
GEICO |
Basic and customizable policies |
Good |
Medium |
4/5 |
State Farm
State Farm is one of the most popular insurance companies in the United States, offering a wide range of insurance products, including manufactured home insurance. State Farm’s manufactured home insurance policies come in two options: standard and comprehensive. Standard policies cover damage to your home from a variety of causes, including fire, wind, hail, and more. Comprehensive policies offer additional protection, including coverage for personal property and liability.
State Farm is known for its excellent customer service, with 24/7 claims service and a user-friendly mobile app. However, State Farm’s policies can be on the expensive side.
Allstate
Allstate is another popular insurance company that offers manufactured home insurance. Allstate’s policies come in two options: basic and premium. Basic policies cover damage to your home from a variety of causes, while premium policies offer additional protection, including personal property coverage and liability.
Allstate has good customer service, with 24/7 claims service and a user-friendly mobile app. However, Allstate’s policies can be expensive, and some customers have reported issues with claims.
Progressive
Progressive is a popular insurance company that offers manufactured home insurance with two policy options: basic and customizable. Basic policies cover damage to your home from a variety of causes, while customizable policies allow you to tailor your coverage to your specific needs.
Progressive is known for its excellent customer service, with 24/7 claims service and a user-friendly website and mobile app. However, some customers have reported issues with claims and billing.
Nationwide
Nationwide is a well-known insurance company that offers manufactured home insurance with two policy options: standard and comprehensive. Standard policies cover damage to your home from a variety of causes, while comprehensive policies offer additional protection, including personal property coverage and liability.
Nationwide has good customer service, with 24/7 claims service and a user-friendly mobile app. However, some customers have reported issues with claims and billing.
GEICO
GEICO is a popular insurance company that offers manufactured home insurance with two policy options: basic and customizable. Basic policies cover damage to your home from a variety of causes, while customizable policies allow you to tailor your coverage to your specific needs.
GEICO has good customer service, with 24/7 claims service and a user-friendly website and mobile app. However, some customers have reported issues with claims and billing.
What to Look for in a Manufactured Home Insurance Policy
When shopping for manufactured home insurance, it’s important to look for a policy that offers comprehensive coverage at an affordable price. Here are some things to consider when choosing a policy:
Coverage
Make sure the policy you choose covers a wide range of damages, including fire, wind, hail, and more. You may also want to consider additional coverage for personal property and liability.
Deductible
Choose a deductible that you can afford in the event of a claim. Typically, the higher your deductible, the lower your monthly premiums.
Price
Shop around to find a policy that offers comprehensive coverage at an affordable price. However, beware of policies that are significantly cheaper than others, as they may not offer adequate coverage.
Customer Service
Choose a company with good customer service, including 24/7 claims service and a user-friendly website and mobile app. You may also want to consider reading reviews from other customers to get an idea of their experience with the company.
FAQ About Manufactured Home Insurance
What is manufactured home insurance?
Manufactured home insurance is a type of insurance that offers protection for manufactured homes, also known as mobile homes. Similar to homeowners insurance, manufactured home insurance covers damage to your home and personal property, as well as liability.
Why do I need manufactured home insurance?
If you own a manufactured home, you need insurance to protect your investment. Without insurance, you may be responsible for paying for damages and liability out of pocket, which can be costly.
Is manufactured home insurance required by law?
No, manufactured home insurance is not required by law. However, if you have a mortgage on your manufactured home, your lender may require you to have insurance.
What types of damages does manufactured home insurance cover?
Manufactured home insurance covers a wide range of damages, including fire, wind, hail, and more. Some policies also offer coverage for personal property and liability. However, it’s important to read your policy carefully to understand exactly what is covered.
How much does manufactured home insurance cost?
The cost of manufactured home insurance varies depending on a number of factors, including the age and condition of your home, the level of coverage you choose, and your location. On average, you can expect to pay anywhere from $300 to $1,000 per year for a manufactured home insurance policy.
What should I do if I need to file a claim?
If you need to file a claim, contact your insurance company as soon as possible. Many companies offer 24/7 claims service, so you can file a claim at any time. Make sure you have all the necessary information, including your policy number and details about the damage or incident.
Conclusion
When it comes to purchasing manufactured home insurance, it’s important to choose a reputable company that offers comprehensive coverage at an affordable price. Consider the top manufactured home insurance companies, as well as what to look for in a policy, and be sure to read the fine print to understand exactly what is covered. With the right coverage, you can protect your investment and have peace of mind knowing that you’re covered in the event of an accident or disaster.