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We understand the different benefits and challenges the coverage you get needs to meet. The process to get insurance for these homes is convenient and user-friendly. We have been an industry-leading auto insurance agency in Naples for 30 years. We pride ourselves on looking after a variety of different vehicle types and making all of our clients feel protected.
My Florida Mobile Home Insurance is an independent insurance agency located in Jacksonville, FL. Some of these companies listed above may be relatively new insurance companies in Florida. But others, like Foremost has been around since 1952, and Tower Hill Insurance/Omega since 1972. All providers discussed on our site are vetted based on the value they provide.
Pruett-Williams Insurance Agency
These 3rd party companies review and assign a financial stability rating. After the hurricanes in , finding a Florida mobile home insurance company got hard. In fact, most companies stopped writing mobile homes in Florida. Insurers mentioned the catastrophic damage from hurricanes as the top reason.
Mariah Posey is an auto and homeowners insurance writer and editor for Bankrate.com. She aims to make the insurance journey as convenient as possible by keeping the reader at the forefront of her mind in her work. Due to the Florida market conditions, we will no longer be writing mobile home dwelling policies in 2022. Childress, who said she was unable to afford the upgrades, says she was even turned down for a policy from the state-run Citizens Property Insurance, the property insurer of last resort.
What Does Florida Mobile Home Insurance Cover?
Ormond Beach, Florida, resident Peggy Childress talks about the damage to her mobile home from the 2022 hurricane season and the inability to get homeowners insurance, Nov. 30, 2022. Manufactured home fire protection coverage options are also popular choices. These cover the increased risk that comes with the electrical systems and unique cooking situations in these dwellings.
We have a team of licensed insurance experts ready to help if you want personal guidance, too. Homes built after 1976 are technically called manufactured homes, and they adhere to this federal building code that makes them safer and more durable. While you can refer to either type of home by the other name, the U.S.
Manufactured and Modular Home Insurance
The list below shows all 20 companies, plus the number of policies they provide. Loss of use expenses when a covered claim forces you to temporarily relocate. You’ve probably seen firsthand the destruction a hurricane can cause an entire community.
Unfortunately, this is not always true, and in many cases, you might end up paying as much formobile home coverageas your neighbor for a standard brick house. Currently, there are 260,000 owner-occupied mobile homes insured. The largest 5 insurers provide 78% of mobile home insurance policies. Citizens Insurance (#4) is the state run company of last resort. You can see how our prices compare to other Florida mobile home insurers below. These premiums are based on replacement cost coverage, not actual cash value policies.
Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. A Manufactured home insurance policy, like a homeowner’s insurance policy, may also offer coverage for liability, should someone be injured in your home or on your property. Yes, we offer mobile home insurance throughout most of Florida that includes wind & hurricane insurance.
2.Maintain a good Credit Score– Like automobile coverage, credit plays a vital role in determining a person’s risk profile and the likelihood of filing a claim or filing a false claim. The better your credit is, the cheaper your manufactured home’s premiums will be. Modern designs and improved building standards have brought in a new era for manufactured homes. Most of us would be hard-pressed to tell the difference between the two these days.
Our editorial team does not receive direct compensation from our advertisers. Because of the way they are made, many mobile homes are not as durable as a traditional stick-built home. They are also light in weight which makes them extremely vulnerable to floods and high winds. Mobile homes experience more damage than a standard home which makes them more expensive to insure. Bassine Insurance Agency works with more than 10 insurance companies to make sure that our clients get the best price and value.
They may just be the only company offering insurance in a particular area. For example, Citizens writes 74% of new policies in Palm Beach County Fl. Generally, older homes close to the ocean will have fewer companies to chose. Florida doesn’t legally require homeowners to have home insurance, but your lender might. If your home is in a mobile home community or park, your landlord may require you to have mobile home insurance, too. Personal liability to help pay for legal expenses when you accidentally damage someone’s property.
Getting insurance on your manufactured home in Florida is absolute vital! For those who live there year round or for the Snowbirds that stay for six months, having peace of mind over your mobile home in Florida is a wonderful thing! We truly believe in offering the best options to our customers. We want to make sure that you’re getting educated as well as getting the best price. We believe in open communication with our customers and we’ll always do our best to give excellent customer service.
Ayotte said his organization is working with Citizens and others in government to find a solution. “The more our policy makers understand, that insurance is too expensive and many people just aren’t doing it, maybe they’ll pay more attention,” he said. A mobile home is a huge investment and liability that must be protected.
