Mobile Home Insurance Florida – Best Coverage Rates

Living in a Mobile Home Insurance Florida has its perks and challenges. Finding the right insurance can be tough. But, it’s key to protect your home.

This guide will help you understand mobile home insurance in Florida. We’ll cover what you need to know. You’ll learn about the best insurance providers and how to get the best rates.

Find affordable Mobile Home Insurance Florida coverage to protect your manufactured home. Get customized policies with comprehensive protection against storms, theft, and damage

Table of Contents

Key Takeaways

Florida ranks second in the U.S. for new manufactured homes in 2022.
Mobile home insurance in Florida costs between $900 and $1,400 annually.
Only 20 companies offer mobile home insurance in Florida as of July 2018.
The top 5 insurers provide 78% of the total policies in the state.
Factors affecting rates include location, home size and age, claims history, and policy deductible.

Understanding Mobile Home Insurance Coverage in Florida

Getting to know mobile home insurance in Florida can seem tough. But, it’s key to grasp the basic parts. Mobile home insurance in Florida usually covers the home, your stuff, other buildings, personal liability, and extra living costs. It protects your home from many dangers like fire, vandalism, wind, and theft.

Basic Coverage Components

There are a few main parts to think about in mobile home insurance in Florida:

Dwelling Coverage: This part protects your mobile home’s structure, like walls, roof, and foundation.
Personal Property Coverage: It covers your home’s contents, like furniture and appliances.
Other Structures Coverage: This part protects separate buildings on your land, like sheds.
Personal Liability Coverage: It helps with legal costs and damages if someone gets hurt at your place.
Loss of Use Coverage: This part covers extra living costs if your home is not safe to live in.

Keep in mind, older mobile homes might not get insurance. Also, getting your home replaced if it’s damaged is usually a good idea because they lose value fast.

Some insurance companies in Florida offer extra coverage. This includes protection for golf carts, hobby farms, and trip accidents. These can make your insurance policy even better.

Mobile Home Insurance Florida – Top Insurance Providers

Looking for the best Mobile Home Insurance Florida? You have several top providers to choose from. Citizens Property Insurance leads with 42% of policies in 2023. Foremost is close behind with 36% and 49,866 active policies.

American Modern, American Mobile Insurance Exchange, and Florida Farm Bureau also serve the mobile home market. Other options include American Traditions Insurance, Florida Specialty Insurance, and Safe Harbor Insurance. These companies offer coverage to Florida’s mobile homeowners.

Insurance Provider	Market Share	Active Policies
Citizens Property Insurance	42%	N/A
Foremost	36%	49,866
American Modern	8%	N/A
American Mobile Insurance Exchange	6%	N/A
Florida Farm Bureau	5%	N/A

When picking a Mobile Home Insurance Florida provider in Florida, think about a few things. Look for online quotes, replacement cost coverage, and good customer service. Also, check the company’s financial stability ratings from Demotech and AM Best. This ensures you get the best mobile home insurance rates Florida and the right coverage for your home.

Mobile Home Insurance Florida - Best Coverage Rates

Factors Affecting Mobile Home Insurance Rates

Many things can change how much you pay for prefab home insurance in Florida and mobile home policy. The place where your home is and the discounts you can get are key. Knowing these can help you get good coverage at a good price.

Location-Specific Considerations

How close your mobile home is to the ocean matters a lot. Homes near the ocean have fewer insurance choices because of wind and water risks. Also, the county where your home is can affect rates, with some areas facing more disasters.

Available Discounts

There are discounts that can lower your mobile home insurance costs in Florida. You might get a discount for living in a mobile home park, the age of your home, or wind-resistant features. Other discounts come from bundling policies, being claims-free, belonging to an association, and more.

Other things that can change your rates include your home’s size and age, your claims history, and your deductible. Knowing these and using discounts can help you get good coverage without breaking the bank.

Coverage Amount	Average Annual Cost	Average Monthly Cost
$100,000	$946	$79
$200,000	$1,442	$120
$300,000	$1,754	$158
$400,000	$2,481	$207
$500,000	$3,066	$256

Mobile Home Insurance Florida - Best Coverage Rates

The cost of your prefab home insurance florida and mobile home policy florida can really vary. It’s smart to talk to an experienced insurance agent. They can help you find the right coverage for your needs.

Conclusion

As a mobile home owner in Florida, it’s key to know the importance of the right insurance. Mobile home insurance isn’t legally needed, but lenders and park owners often require it. The biggest player in the market is Citizens Property Insurance.

Choosing the right policy in Florida means looking at coverage, discounts, and the insurance company’s reputation. Also, remember that flood insurance is usually not part of standard policies. This is especially true in areas prone to hurricanes and floods.

Florida’s climate brings risks like hurricanes, floods, and sinkholes. Having good mobile home insurance is crucial for your investment’s safety. By comparing quotes and understanding what’s covered, you can keep your mobile home safe in Florida.

FAQ

What is the average cost of mobile home insurance in Florida?

In Florida, mobile home insurance usually costs between $900 and $1,400 a year.

What types of coverage are included in a Florida mobile home insurance policy?

A Florida mobile home insurance policy covers several things. It includes the dwelling, personal belongings, other structures, personal liability, and loss of use expenses. It also protects against risks like fire, vandalism, wind, hurricane, and theft.

What are the top mobile home insurance providers in Florida?

The top providers in Florida are Citizens Property Insurance (42% market share), Foremost (36%), and American Modern (8%). American Mobile Insurance Exchange and Florida Farm Bureau also offer insurance, with 6% and 5% market share respectively.

What factors affect mobile home insurance rates in Florida?

Several factors influence mobile home insurance rates in Florida. These include location, home size and age, claims history, and policy deductible. Homes near the coast often have fewer options and higher rates.

What discounts are available for mobile home insurance in Florida?

You can get discounts for mobile home insurance in Florida. These include discounts for homes in mobile home parks, older homes, and those with wind-resistant features. You can also get discounts for bundling policies, being claims-free, and being a member of certain associations. Additionally, there are discounts for going paperless, paying your premium in full, and being 50 years or older.

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