CSP Insurance Services Home Page
  • Home
  • Get A Quote
    • Annuities
    • Automobile
    • Business & CommercialImage of right arrow
      • Commercial Auto Insurance Quote
      • General Liability Quote Form
      • Business Owners (BOP) Quote Form
      • Builders Risk
      • Workers Compensation Quote
      • Employment Practices Liability Insurance
      • Technology Errors & Omissions Coverage
    • Condominium
    • Flood
    • HealthImage of right arrow
      • Health Insurance Quote
      • Disability Insurance Quote
      • Long Term Care Insurance Quote
    • HomeownersImage of right arrow
      • Homeowners Insurance Quote
      • Homeowner Flood Quote Form
    • Life
    • Motorcycle
    • Renters
    • Watercraft & Boat
  • Customer Service
    • AutomobileImage of right arrow
      • Request ID Card for Auto Policy
      • Add Vehicle to Existing Auto Policy
      • Remove Vehicle from Existing Auto Policy
      • Add Driver to Existing Auto Policy
      • Remove Driver from Existing Auto Policy
    • Business & CommercialImage of right arrow
      • Request ID Card for Commercial Auto Policy
      • Add Vehicle to Existing Commercial Auto Policy
      • Remove Vehicle from Existing Commercial Auto Policy
      • Add Driver to Existing Commercial Auto Policy
      • Remove Driver from Existing Commercial Auto Policy
      • Request General Liability Certificate of Insurance
  • Claims
    • Automobile
    • Business & Commercial
    • Homeowners
  • Blog
  • Make a Payment
  • Resources
    • Secure File Area
    • Refer a Friend
    • Important Links
    • Calculators
    • Free Reports
    • Insurance Glossary
    • Frequently Asked Questions
    • News Center
  • About Us
    • About CSP Insurance Services
    • Location Map
    • Employee Directory
    • Privacy Policy
  • Contact
    • Contact Us
Alternate Content
Commercial Personal Life & Health Real Estate Get A Quote
Home > Blog > Do Prefabricated Homes Require Insurance?
WEDNESDAY, DECEMBER 11, 2019

Do Prefabricated Homes Require Insurance?

Modular homeTechnically speaking, no home requires insurance. That is, home insurance is not legally mandated, as is the case with car insurance. If you want to live in a home without protection, that is your prerogative. You will have to cover major damages and liability claims and lawsuits out of pocket this way, but you are legally allowed to do that.

A prefabricated home — also known as a prefab or modular home — is regarded by insurers and lenders much like any other home. It may not have been built on the premises and it may have been cheaper than a conventional home. But the big differences end there. A modular home and a conventional home have more in common than not. They both will be built to code, they're both permanent structures, and they're both easier than a trailer home (or manufactured home) to customize.

With that in mind, it stands to reason that a prefabricated home is subject to all the same insurance considerations as a site-built home:

  • Your lender will probably require that you carry home insurance until your home is paid off.
  • Once your mortgage is paid off, home insurance can be bought or canceled at your discretion.
  • Modular homes will be covered under standard home insurance policies. So, you don't need to look for a specialty provider.

Mobile, trailer and manufactured homes are another story entirely. Some people will use prefab and manufactured interchangeably, but they're two completely different categories. A modular home is shipped in pieces and assembled on site. It’s usually much larger than a trailer home, and it will not require any special insurance. In fact, your insurer probably won't even bother to ask if your home was prefab or built-on-site.

Just make sure, when buying insurance, that you correctly identify your home as either prefab or manufactured to ensure that you're getting the right policy for your home.

Posted 3:03 PM

Tags: insurance, home insurance, homeowners, prefabricated homes, modular homes, manufactured homes, florence, south carolina
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2021
  • 2020
  • 2019

  • insurance(15)
  • south carolina(6)
  • auto insurance(5)
  • florence(5)
  • home insurance(5)
  • business insurance(4)
  • homeowners(3)
  • coverage(3)
  • commercial auto insurance(3)
  • general liability insurance(2)
  • workers compensation insurance(2)
  • storm damage(1)
  • commercial general liability(1)
  • liability(1)
  • workers compensation(1)
  • falling object(1)
  • gap insurance(1)
  • renters insurance(1)
  • loading and unloading insurance(1)
  • clothing boutiques(1)
  • modular homes(1)
  • exotic pets(1)
  • sc(1)
  • premiums(1)
  • prefabricated homes(1)
  • sports car(1)
  • dog bites(1)
  • manufactured homes(1)
  • personal possessions(1)
  • one policy(1)
  • coverage types(1)
  • workers(1)
  • general liability(1)
  • discounts(1)
  • stay at home(1)
  • repetitive injuries(1)
  • business failure(1)
  • venue owners(1)
  • home foundation(1)
  • trucking insurance(1)
  • auto(1)
  • home(1)
  • compensation(1)

View Mobile Version
Copyright © 2021 CSP Insurance Services |
2420 Hoffmeyer Rd, Suite D | Florence, SC 29501
| Ph: 843-519-255
Privacy Policy
Licensed in SC, AL, AZ, FL, GA, IL, KY, LA, MA, MO, MS, NC, NM, NV, OR, RI, TN, TX, VA, WI
Facebook Twitter LinkedIn Google+ Blog RSS Feed