Homeowner’s Insurance for Prefab Homes

Homeowner’s Insurance for Prefab Homes

Prefab homes are built in sections at a factory, then transported and assembled on site, accelerating construction time. A house constructed in this manner can be less expensive and more energy efficient than other homes. Modular homes have become a popular option in recent years, as they are less expensive than traditional stick built options. Insurance companies have responded accordingly by offering full-coverage policies. Prefab home insurance programs can help homeowners protect their investment with varying levels of coverage options, designed to meet their unique needs.

Basic Coverage

Prefab home insurance programs can cover damage to homes caused by common hazards.

  • Burglary
  • Fire
  • Vandalism
  • Weather Events (snow, rain, tornados, wind)

Comprehensive Coverage

There may be programs available that cover property damage for additional perils as well. When choosing a policy, it’s important to understand the dangers that can occur in the site’s area. If basic coverage is insufficient, ask for comprehensive coverage options. They may include:

  • Hail
  • Landslides
  • Damage caused by stray or wild animals
  • Roof collapse due to ice and snow build-up
  • Water damage from burst pipes

Optional coverage programs may require additional premiums. Review the policy offerings thoroughly to ensure its coverage meets your needs. An insurance rider may be able to supply coverage for perils not covered by the primary policy.

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