Manufactured Home Insurance in Florida: What You Need to Know

Manufactured homes have become a popular choice for homeowners in Florida due to their affordability and convenience. However, getting insurance for these kinds of homes can be challenging, especially if you don’t know what to look for. In this article, we’ll provide you with everything you need to know about manufactured home insurance in Florida.

What is Manufactured Home Insurance?

Manufactured home insurance is a type of policy that covers damages and losses to your manufactured home. The coverage typically includes protection against fire, windstorm, lightning, theft, and other types of damages that can occur to your home.

Additionally, manufactured home insurance can also cover personal liability and medical payments if someone gets hurt on your property. It’s important to note that manufactured home insurance is different from a standard homeowner’s insurance policy as the coverage is specially designed to protect the unique risks that are associated with manufactured homes.

What Does Manufactured Home Insurance Cover?

A standard manufactured home insurance policy typically covers:

Coverage
Description
Dwelling Coverage
Covers the cost of repairing or rebuilding your manufactured home if it’s damaged or destroyed by a covered loss.
Personal Property Coverage
Covers your personal belongings, such as clothing, furniture, and electronics, if they’re damaged, destroyed, or stolen.
Liability Coverage
Covers legal fees and damages if someone gets hurt on your property and you’re found responsible.
Medical Payments Coverage
Covers medical expenses if someone gets hurt on your property, regardless of who is at fault.
Loss of Use Coverage
Covers the cost of living expenses, such as hotel bills and meals, if your manufactured home becomes uninhabitable due to a covered loss.

It’s essential to read your policy carefully to understand the specific details of your coverage.

What is Not Covered by Manufactured Home Insurance?

Manufactured home insurance policies typically exclude certain risks or items, such as:

  • Flood damage
  • Earthquake damage
  • Mold and mildew damage
  • Normal wear and tear
  • Damage caused by insects or rodents

However, you can purchase additional coverage for these exclusions if you live in an area that’s prone to flooding, earthquakes, or other natural disasters.

How to Get Manufactured Home Insurance in Florida

Find a Reputable Insurance Provider

When looking for manufactured home insurance in Florida, it’s crucial to choose a reputable insurance provider with experience in insuring these types of homes. Look for providers that are licensed and have a good reputation in the industry.

Get Multiple Quotes

Getting multiple quotes from different insurance providers can help you find the best coverage options at a competitive rate. Don’t just settle for the first insurance provider you come across and take your time to compare rates and coverages.

Assess Your Coverage Needs

Before purchasing a manufactured home insurance policy, make sure to assess your coverage needs. Consider the value of your home, personal belongings, and liability risks before choosing a policy.

Ask About Discounts

Many insurance providers offer discounts for bundling policies, such as home and auto insurance. Ask about any available discounts that can help you save money on your policy.

FAQs

Do I Need Manufactured Home Insurance?

Yes, Florida law requires that all manufactured homes have insurance coverage. Additionally, getting insurance for your manufactured home can protect you from financial losses if your home is damaged or destroyed due to a covered loss.

How Much Does Manufactured Home Insurance Cost in Florida?

The cost of manufactured home insurance in Florida depends on several factors, such as the value of your home, the coverage limits you choose, and your location. On average, you can expect to pay between $300-$800 per year for manufactured home insurance in Florida.

What Should I Do if I Need to File a Claim?

If you need to file a claim on your manufactured home insurance policy, contact your insurance provider as soon as possible. They’ll guide you through the claim process and provide you with the necessary forms and information to file your claim.

Can I Change My Coverage Limits?

Yes, you can change your coverage limits at any time by contacting your insurance provider. Keep in mind that increasing your coverage limits will result in higher premiums.

What Happens if I Don’t Have Manufactured Home Insurance?

If you don’t have manufactured home insurance, you could be held personally liable for any damages or losses that occur to your property. Additionally, if your home is financed, your lender may require that you have insurance coverage to protect their investment.

Conclusion

Getting manufactured home insurance in Florida is essential to protect your investment and ensure that you’re compliant with the law. By following the tips and information provided in this article, you can find the right coverage at a competitive rate.