Understanding Insurance Challenges for Older Manufactured Homes: What Homeowners Need to Know
Navigating insurance policies for manufactured homes can sometimes be complex, especially as these properties age. Recently, a homeowner in North Carolina faced an unexpected development: their 25-year-old doublewide on a permanent foundation received a notice indicating that their coverage might be discontinued unless they bundle their auto insurance with the policy.
This situation highlights a common issue among owners of aging mobile and manufactured homes. Insurance providers often reevaluate risk profiles for older structures and may impose restrictions or non-renewal unless certain conditions are met. In this case, the insurer’s stipulation to combine home and auto policies may seem frustrating, particularly when auto coverage is satisfactory and easily accessible.
For those faced with similar challenges, it’s worth exploring alternative insurance options. Working with specialized brokers who understand the nuances of insuring older manufactured homes can sometimes provide more flexible coverage solutions. These professionals can help identify providers willing to insure properties at various ages and conditions, potentially avoiding the need to bundle policies in ways that may not be desirable.
If you’re in a similar situation, consider asking for recommendations from local homeowner groups or online communities dedicated to mobile and manufactured homeownership. Additionally, researching companies experienced in insuring older manufactured homes can be a beneficial step toward maintaining comprehensive and affordable coverage.
Remember, as your property ages, staying informed about insurance policies and exploring all available options can help you secure the protection you need without compromising on convenience or cost.
