Investor · Huntsville, AL · Member since 2016 · 348 posts · 182 votes
I am looking for an insurance policy for a small mobile home park in north AL. It has 6 units currently with plans to expand modestly on 2 acres. Mortgage amount will be about $140k. I plan on buying a couple more smaller parks in the next year or so. All homes are park-owned mobile homes. This is the description of the mobile homes from the due diligence documents: 1996 Buccaneer 16x75, 1970 TRAC 14x70, 1985 Winston 14x70, 1982 Sate 14x70, 1985 Eagle 16x80, and a 1977 Franklin 14x60.
@Samuel Coronado You may want to check with your local manufactured housing association. They may have a few referrals of vendors who may be able to help you with your insurance needs. Also, check with local mobile home park owners and managers in the area.
@Samuel Coronado You may want to check with your local manufactured housing association. They may have a few referrals of vendors who may be able to help you with your insurance needs. Also, check with local mobile home park owners and managers in the area.
@Samuel Coronado You may want to check with your local manufactured housing association. They may have a few referrals of vendors who may be able to help you with your insurance needs. Also, check with local mobile home park owners and managers in the area.
Hope that helps!
Definitely. I tried having the policy that was currently on the one under contract rewritten for me. I figured it would be easy for all parties since that broker already has all the info needed, but the customer service at American Modern has been lacking a bit. I'm not sure what the issue, but I'm all about focusing on the things I can control. I can't control what they're doing over there, but I can control whether or not I explore more options from the rest of the market. haha.
You may need to have your agent check on special programs or non-standard policies if American Modern does not come through. Generally, those may have higher costs and more exclusions.
To follow up with this: I was able to get the same policy that the park was already under. Actually got it about $50 cheaper due to my credit and insurance history. The policy was through American Modern. I will be looking for additional umbrella policy soon as well.