How much do you pay cheque for insurance on your manufactured home?
Looking to buy a Double wide within Polk County, FL. This is the home I'm looking to buy:
http://century21.com/property/index.jsp?...
I'm looking for an estimate on what you typically pay for insurance past I decide if I should buy this compassionate of home.
I pay $800 for a 2005 double huge Marlette, it is a rental property so I think it is more than if owner populated I used to pay right lower than $800.00 a year for insurance on my manufactured home. That was give or take a few 5 years ago in Louisiana if that help.
OK, a double wide is NOT a manufactured home. It's a TRAILER.
You can ask the current owner how much they clear, and who it's insured with. There are roughly TWO Companies that write trailer insurance in FL, and once the trailer is 25, NO ONE will write insurance on it. That's because a trailer DEPRECIATES to NO VALUE, by the time it's 25. So. It's 10 immediately. If you can't pay it rotten in 15 years, you're surrounded by trouble.
Personally, I'd never pay $40,000 for a trailer that will be worth nought in 15 years, because as you notice, you're not buying the land it sits on - so numeral another $400 a month for land rent. BAD DEAL.
A 10 year hoary trailer, NOT in florida, is probably going to run around $700 a year for insurance. In Florida, near wind and flood, you'd be darned lucky to go and get it for $2,000. But likely, you're going to own a very, unbelievably hard time getting insurance on it at adjectives.
My recommendation? Pass. Don't ever borrow that charitable of money, for a deprecating asset. And if you HAVE cash, buy the ground first.
Answers: you could end up paying anywhere from 650-1500 a year over within polk county. Call 813-655-0910 for a free quote.
You could try to use google it first,here has some direct information which I ruminate is might be helpful.http://home-insurance.featured-resources...