However, because mobile and manufactured homes are considered more risky to insure than modular homes, in some cases you will find that
the premiums on a manufactured home policy with similar levels of coverage to a modular home will actually cost more.
Not exact matches
For example, if you pay your annual
premium and get
manufactured home coverage, it's useless if you can't afford your deductible (at least $ 500 depending
on the claim).
Given that the value of
manufactured homes is typically less than that of an in - site
home of equal size, the ratio of
premiums to value
on manufactured homes is several times higher than for traditional
homes.