Published at Wednesday, April 18th, 2018 - 12:05:08 PM. Manufacturer Home Insurance. By Durand.
There are attached difficulties when it comes to getting the right manufactured home insurance. One of the many challenges in acquiring a policy for mobile homes is finding a company that would be willing to cover a home that is ten years old. The reason being, a home of this age is more prone to damages and requires more maintenance. You must work with agents that are experienced in the field of mobile home insurance. The older the house, the harder it is to find manufactured home insurance. If you are trying to purchase a mobile home, make sure that you know how old the house is. Just like any other insurance, it will be more difficult to get coverage that is affordable for you. The premise here is that the mobile home has more than wear and tear issues. This results in the insurance company charging higher premiums because of more risk. Insurance companies believe that there would be a greater possibility of more claims rather than those who are purchasing a newer manufactured home. Extension of coverage for older houses compared to newer ones is more complicated and more expensive.
What Makes a Manufactured Home Different. Since mobile homes are built in factories, they conform to US government's Manufactured Home Construction and Safety Standards as well as state and local housing codes. They are also built on a steel chassis and towed on wheels to their site. Ever since June 1976, factories making Manufactured Homes follow strict government guidelines monitored by the US Department of Housing and Urban Development (HUD). This ensures that your house is built to last and the materials used pass a high quality standard. There are two major differences between a conventional home and a mobile home. First, Manufactured Homes are built in factories and are far more economical than conventional ones. Since they are mass-produced, material and labor cost is greatly reduced. The second major difference is conventional homes are built on site providing a sturdier base. This does not mean that a mobile home is unstable. Part of the HUD rules and regulations about manufactured homes is that it should be attached to a permanent foundation. This is achieved by preparing an on-site base for your manufactured home, known as tie-downs, ground anchors and block foundations that greatly help in the stability of your home.
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