FACTORY BUILT HOUSES ARE NOT ONE SIZE FITS ALL.

When it comes to purchasing a home, there are a variety of options to choose from, including mobile homes, manufactured homes, and modular homes. While these types of homes may share some similarities, they also have distinct differences that are important to understand. In this article, we'll explore the differences between mobile homes, manufactured homes, and modular homes and highlight the unique aspects of insuring each type of home.

MOBILE HOMES

Mobile homes are the oldest type of factory-built housing, dating back to the 1920s. They were initially called "trailers" and were designed to be moved from place to place. Mobile homes are built on a steel chassis with wheels attached, making them easy to transport. Mobile homes are typically the least expensive factory built home to purchase. These homes are also often used as vacation homes or temporary housing. Due to their construction and mobility, mobile homes are more vulnerable to damage from wind, storms, and other natural disasters.

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MANUFACTURED HOMES

Manufactured homes are similar to mobile homes, but they are built to a national building code set by the U.S. Department of Housing and Urban Development (HUD). This code sets standards for construction, safety, and energy efficiency. Manufactured homes are also built on a steel chassis with wheels attached, but they are typically designed to be placed on a permanent foundation. Manufactured homes are often larger and more comfortable than mobile homes and have a higher resale value. They are also typically insured similarly to traditional site-built homes.

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MODULAR HOMES

Modular homes are built in sections or modules in a factory, then transported to the building site and assembled on a permanent foundation. They are typically built to the same building codes as traditional site-built homes, and can be customized to meet the specific needs of the homeowner. Modular homes are often higher quality than mobile or manufactured homes and due to their similarity to traditional homes, modular homes can often be insured in the same way.

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INSURING MOBILE HOMES, MANUFACTURED HOMES, AND MODULAR HOMES

Insuring mobile homes, manufactured homes, and modular homes can vary significantly due to their differences in construction and design. Mobile homes are often insured with specific policies that address their unique characteristics and potential risks. Manufactured homes, on the other hand, are typically insured similarly to traditional site-built homes. Modular homes can also often be insured in the same way as traditional homes. However, it's important to speak with an insurance professional to determine the appropriate coverage for each type of home.

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FIND THE POLICY THAT IS RIGHT FOR YOU

While mobile homes, manufactured homes, and modular homes may share some similarities, they are also distinct in their construction, design, and insurability. Understanding these differences can help homebuyers make an informed decision and ensure that they have the appropriate coverage in place to protect their investment.

IZC has in house insurance experts ready to answer your questions about insuring your factory built home. Give us a call today at (404)-795-4807 or click below for a free, no hassle, online quote request. We look forward to serving you!