The Manufactured Housing Forums

We have been looking at new manufactured homes at dealers around our area. We have been prequalified for and mortgage and the mortgage broker has suggested an insurance company. We dont want to do anything to hurt our chances of getting the loan but think we should look around for the best policy and price. We have been told that all insurance is about the same so it is not really important. Is that true? There seems to be so much to do to get ready for a new home we dont want to spend time on anything that we dont have to. Should we just take the insurance that can be written automatically with the loan or should we shop around?

It is usually best to shop yourself and find an insurance agent independent of your mortgage broker, real-estate broker, dealer or lender.  All policies are NOT the same.  There are several different types of coverage and you want insurance that will best meet your needs.  When your facing a disaster you want to be sure that you will be able to repair or replace your home. 1 - Take the time and visit a local independent agent and discuss the possibilities.  2 - Read these Frequently Asked Manufactured Housing Insurance Questions  3 - Read the posting about Replacement Insurance 
3 - Visit MobileHomeInsuranceQuote.com. Offering quotes for in most areas in the country The MH Insurance Professionals that process your quote requests represent several of the leading U.S. providers of manufactured and mobile home Insurance.   You can complete a single quote request form, and they will provide you multiple quotes from the leading specialty manufactured housing insurers.

Insurance through the mortgage broker may only cover your structure, not your personal belongings. Be very careful and ask a lot of questions before you'd purchase the policy. Make sure it's an actual insurance product instead of just a loan protection plan.