[njbchbum]

Originally Posted by justjim

I understand that prices on manufactured homes have gone up due to increased property values on the Historical Side of TV. Insurance continues to be an issue for manufactured homes.

For example, if you purchase one for $130,000 you may only be able to get $45,000 worth of insurance on the home. I guess that makes your lot worth $85,000 in the eyes of the insurance companies. Unless its a golf course lot, that doesnt seem right but the insurance companies "have you over the barrel" so to speak. Those residents that already own and have insurance may not have to deal with this---I don't know in that case.

Also, a mortgage is more difficult to obtain on a manufactured home. I understand many pay cash. Of course, a number are "rentals" and investment properties. It could be many just self insure their manufactured home.

And you know all of this how, Jim? Are you in the insurance business or trying to obtain a mortgage and insurance personally and having trouble doing so for a manufactured home?

We were told the SAME thing by insurance folks in the Villages - and went down to street to an agent in Fruitland Park - walked out with the policy binder in hand within 45 mins; had separate golf cart insurance policy, too! Our friends got their policy from Progressive and had no problem either. We each own manufactured homes and are insured for replacement value and separately for contents.