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Old 10-06-2012, 03:29 PM
 
6 posts, read 8,003 times
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Harry has the right idea. Save the money toward replacing the old MH with a newer one later that can be insured.
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Old 10-06-2012, 03:42 PM
 
Location: Ocala, FL
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In addition to not being able to insure an older mobile home, no bank will write a mortgage on an older mobile home.
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Old 03-09-2016, 07:19 PM
 
Location: Lakeland, Florida
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I have a 1971 trailer. It's in very good condition , and has has been kept up with proper repairs. Is getting the minimal insurance and high deductible I'm being offered worth it. I get so many different opinons from home owners I'm not sure what to do. My feeling leans towards getting insurance only makes me feel a little safety net is in place. Rather than there being any real benefit to me since the coverages are very poor. Any advice would help.
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Old 03-09-2016, 09:58 PM
 
Location: Ocala, FL
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Don't waste money trying to insure a mobile home that old. Put the money you would normally be paying the insurance company into a safe investment instead in the event you need to replace the home.
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Old 03-09-2016, 10:17 PM
 
Location: Lakeland, Florida
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Quote:
Originally Posted by dontaskwhy View Post
Don't waste money trying to insure a mobile home that old. Put the money you would normally be paying the insurance company into a safe investment instead in the event you need to replace the home.


Thanks that's what I feel I should do.
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Old 03-22-2016, 02:05 PM
 
Location: In the basket
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Is it a pain in the but to insure MH's? Or just the older ones?
I haven't ruled out moving into a MH community so I'm curious...
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Old 03-22-2016, 03:09 PM
 
Location: Florida
3,844 posts, read 3,152,930 times
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Quote:
Originally Posted by hotkarl View Post
Is it a pain in the but to insure MH's? Or just the older ones?
I haven't ruled out moving into a MH community so I'm curious...
No current experience but I think you will have a problem with the older ones as they may not meet current building codes.

I would check with a broker in the local you are looking to buy in to see if there are problems with certain manufactures or ages of homes.

I would put in a clause that if you agree to buy but can not get insurance at less than $x per year you can void the contract and get your deposit back.
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Old 03-22-2016, 06:59 PM
 
Location: Ocala, FL
3,122 posts, read 5,761,347 times
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Quote:
Originally Posted by rjm1cc View Post
I would put in a clause that if you agree to buy but can not get insurance at less than $x per year you can void the contract and get your deposit back.
I can almost guarantee that a mobile home (not manufactured home) will not be insurable by any home insurer. No clause needed, no need to waste any additional paper or anyone's time/effort doing so.
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Old 03-22-2016, 08:00 PM
 
Location: In the basket
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How can they not be insurable?
At worst it's an over glorified Winnebego.
Should be able to get some kind of insurance for them.
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Old 03-23-2016, 07:46 AM
 
Location: Ocala, FL
3,122 posts, read 5,761,347 times
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I live in an area of the country with a lot of older mobile homes and was a Realtor just 2 years ago. I have worked with several banks and insurance companies over the past several years. Take my word for it or not. Feel free to ask your insurance agent, but I am certain you will get the same answer.
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