[chipshot55]

I really want to get homeowners insurance for my manufactured home. But, the rates are ridicules. Any current suggestions?

[jghorton]

The cost of homeowners insurance in Florida doesn't stop with the policy cost. Most also include a 2-3-percent (total replacement cost) named storm deductible. This means that when it comes to hurricanes in Florida, most are virtually self-insured ... unless they experience a catastrophic loss.

Not sure what you mean by "ridiculous rates on manufactured homes," but, I suspect this has as much to do with location as construction.

BTW, although Florida occasionally gets a hurricane strike, with few exceptions, they are not nearly as severe or frequent as portrayed in the media. Additionally, it's the older, pre-code construction that suffers the greatest damage.

[beach43ofus]

Originally Posted by chipshot55

I really want to get homeowners insurance for my manufactured home. But, the rates are ridicules. Any current suggestions?

Take the money they quoted you, and place it into a muni bond investment account. Never touch it. You'll be fine, and the investment will grow each year. You'll be exposed in the early years, but by year 10, you'll be better off than you would have been if you bought the insurance.

So long as you are least 5 miles inland, this is what I'd do. If you are nearer the coast, pay the high cost for insurance as you will sleep better at night.