Help?

[Dawn Cook]

I am trying to sell my mobile home. I have had it up with a realiter for over one year. I would like to try to sell it my self and I am looking for suggestions.

[Bill]

I am also concerned about how insurance companies rate manufactured homes versus modular homes. I work for an insurance company in Michigan and we rate a manufactured home as a mobile home. I looking at buying a new manufactured home in a new development, but I don't want to worry about insurance coverages if I were to have a loss, and lose any probable investment.

Is there a push from the manufactured home industry to try and get more name brand (State Farm, Allstate, AAA) insurance companies to insure manufactured homes with a home policy versus a mobilehome policy?

[Toby]

Ken: We have a doublewide Titan manufactured home on our own land in rural New York State which we financed with a conventional bank mortgage three years ago, when the home was brand new.

This week while reviewing our homeowners' policy, I asked the agent if we had replacement coverage on our home. (The policy clearly states the contents have replacement coverage.)

I was informed our policy is for actual cash value on the home, not replacement cost. After five years, our home will be depreciated every year (although, the cost of the premiium will never be reduced). She said she knew of no companies who offered replacement coverage on any mfg'd. homes, new or used, in New York State.

We paid $55,000 for our home. It is in the middle of several improved acres. We cannot for the life of us imagine what could possibly go wrong or depreciate on this home year after year to lower its value. We purchased every single upgrade available, and ended up with a home every bit as durable, if not more so, than stick built. The hitch was removed and our home is securely anchored to a concrete foundation as required by our mortgage lender.

Was our agent's statement true about New York State? How can this possibly be so?