Are manufactured home and mobile home policies actually different?
The terms “mobile home policies” and “manufactured housing policies” are often used interchangeably in insurance.
There’s a technical difference per HUD classification. The department calls homes built before June 15, 1976 mobile homes, and those built after this date manufactured homes.
For the purposes of insurance, however, HO-7 policies are frequently used to insure these homes regardless of when they were constructed. The chosen coverages might be adjusted for a home’s age, but the underlying policy is largely the same.
How much are the premiums for insuring a manufactured home?
The cost of insuring a manufactured home can vary, depending on factors like the home’s age, construction method, square footage, and location. These policies tend to have lower premiums than traditional single-family home insurance, though.
An independent insurance agent can provide specific cost estimates, by comparing quotes from several insurers that offer manufactured home insurance.