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Mobile homes in Connecticut often resemble retirement communities. Most are governed by mobile home associations to maintain a high standard of living for everyone in the park. These communities often require mobile home insurance to make sure everyone is properly protected, too.
Here are some key statistics about the Nutmeg State’s mobile home population:
Connecticut mobile home insurance includes coverage for:
When shopping for a policy, look for options that offer replacement cost coverage for the home. This can help you replace your home when you have a total loss instead of paying out only the home’s depreciated value.
Most mobile home associations require residents to have insurance. This protects the mobile home park and its residents in liability claims. Someone who isn’t required to get mobile home insurance may want to consider getting a policy anyway. Your mobile home is a major investment, and a loss without insurance would mean you’d have to pay to replace your property out of pocket.
Connecticut tends to be reasonable when it comes to the costs of mobile home insurance. Many mobile home owners can get policies for under $1,000 a year, but your premium depends on a lot of factors, such as your home’s location, age, condition, and features.
A mobile home with safety features will usually get a better rate than one that doesn’t. The same is true for age: older mobile homes are considered riskier so insurance costs tend to be more.
Policy terms also impact your premium. For example, opting for higher limits or a lower deductible typically drives up your rates.
The best (and easiest) way to know what a policy might cost you is to get a quote.
Your mobile home insurance could be eligible for a discount if:
Mobile home insurance and traditional homeowners insurance are similar in the protection they provide. Both cover the structure on an open-perils basis, which means your dwelling is covered for any event except those specifically listed in the policy as exclusions. Additionally, both policies can insure your property for its replacement cost rather than its actual cash value.
The big difference is in the underlying policy forms. Mobile home owners insure their property using an HO7 policy while traditional home owners usually need an HO3 policy. They need their own forms because they are built differently. Traditional homes adhere to local building codes whereas manufactured homes are built to meet federal standards.
There is a difference between mobile and manufactured and modular homes, and the type of home you have determines the type of insurance you need. Both mobile and manufactured homes are built on their chassises and transported to the location where the owner plans to live. The only difference between these is that a manufactured home indicates a mobile home built after June 15, 1976.
This is the date the US Department of Housing and Urban Development (HUD) instituted new safety standards for mobile homes. Later, HUD decided to describe homes as manufactured if they were built after 1976 and conform to HUD’s regulations.
Modular homes are built in factories, but they’re made up of sections. The homeowner chooses modules which are shipped to their property. Once there, the modular home is assembled on a foundation. Modular homes generally don’t have to follow HUD regulations, but they are built to state and city codes and are insured through traditional homeowners insurance.
To get the most accurate quote, have the following information ready:
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