If you own a modular or mobile home, you need to make sure that it is properly insured against loss and damage. Because not all manufactured home insurance companies are the same, you want to make sure that you are paying for a policy that will be fair and pay out in the event of a loss.
The internet provides many opportunities to research a number of companies in a short amount of time. If you are new to owning a home, and don’t understand exactly what you may need for insurance purposes, websites such as the Insurance Information Institute can be very helpful.
You can also find out about specific companies by visiting sites such as A.M. Best, the Better Business Bureau and J.D. Power. These give you good ideas about both industry and consumer ratings of different insurers, and can help guide your search.
Look for Experience
Because certain areas of the country are more popular with manufactured homes, some businesses may not be as experienced with manufactured homes, and some may not offer that type of coverage at all. Look for manufactured home insurance companies that offer that coverage specifically, and understand about the different aspects of that type of insurance. Things that they should be asking about include occupational status, rental units, location, seasonal units, and the age of the home.