Disclaimer: Data Accuracy and Sources
The data in the Covertree Resources section is from publicly available sources last updated in December 2022. We provide source links for verification. However, we can’t guarantee accuracy. Rely on this data at your own discretion. For specific advice, consult professionals.
Welcome to Mount Pleasant, MI, a vibrant and welcoming community that offers a unique blend of small-town charm, exciting events, and a strong sense of community that will make you feel right at home.
For those who already live here, you know that Mount Pleasant is more than just a place on the map. It’s a place where neighbors become friends and local businesses become family. From the captivating beauty of the Chippewa River to the vibrant downtown filled with quaint shops, delicious eateries, and lively entertainment options, this city has a way of connecting people and fostering a strong sense of belonging.
The average cost of mobile home insurance is typically between $700 and $1,500 per year according to the American Modern Insurance Group and according to another manufactured home insurer estimates the average cost to be around $1,025 per year. Insurance carriers consider several factors when determining the premium, resulting in varying rates.
Other factors taken into account by insurance carriers include:
The age and value of your mobile home, deductible options, coverage limits, and potential endorsements, can also influence insurance costs in Michigan. You can minimize coverage costs by:
You can also combine your Michigan mobile home insurance with other coverage, such as car insurance, business insurance, and umbrella policies, to save you as much money as possible.
Choosing the right mobile home insurance for Mount Pleasant, MI is crucial to protect your investment and ensure peace of mind. Here are some key factors to consider when selecting mobile home insurance:
For individuals prioritizing safety, here are some of the safest neighborhoods in Mount Pleasant:
These neighborhoods have been identified as comparatively safe, offering residents a sense of security.
Maintaining community safety involves addressing not only environmental risks but also property crime rates. Below are the current property crime statistics for Mount Pleasant:
Start by researching insurance providers that offer coverage specifically for mobile, manufactured, or pre-fab homes in your choice of town or city. Look for reputable companies with a strong financial standing and positive customer reviews.
Look for insurance policies that offer replacement cost coverage for your mobile, manufactured, or pre-fab home. This coverage ensures that you would receive enough compensation to replace damaged or destroyed items with new ones of similar quality, rather than receiving only the depreciated value.
Mobile home insurance typically includes coverage for the structure, personal belongings, liability protection, and additional living expenses in case of temporary displacement. Compare the coverage options from different insurance providers to ensure they meet your needs.
Take a moment to consider what you're looking for in an insurance plan. Do you want to protect your home and belongings only, or also get liability coverage? How much could you afford to pay if something happened? Knowing what you need will help you narrow down your options.
Inquire about circumstances under which your rates could increase, such as filing a claim or if there are significant weather events in your area, even if you didn't file a claim.
Some insurance providers offer discounts if you're a member of certain organizations or groups. Check to see if any affiliations you have might lead to insurance savings.
By considering these factors and tailoring your insurance coverage to your specific needs, you can choose the right mobile home insurance policy in Sterling Heights, MI that provides adequate protection for your valuable investment. Since there are so many variables that go into mobile home premiums, we recommend getting a free quote right now, right here!
Mobile homes account for roughly 7 percent of The Great Lake State’s total housing units! Michigan has a significant number of mobile home communities, with over 900 in the state, making it the third highest in the country after Florida and Texas.
The average price of a pre-owned mobile home in Michigan is around $44,962, with an average model year of 2004. The average size of a mobile home is approximately 1,337 square feet.
Mobile homes, manufactured homes, and pre-fabricated homes are terms that are sometimes used interchangeably, but they can have different meanings. Mobile homes typically refer to factory-built homes built before 1976, while manufactured homes refer to homes built after the implementation of the HUD code. Pre-fabricated homes are generally built off-site in sections or modules and then transported to the location for assembly.
When buying a manufactured home in Michigan, there is a sales tax rate of 6%. However, there is no annual tax rate on manufactured homes, unlike some other states.
The Mobile Homes program is responsible for initial and renewal licensure for mobile home parks and dealers and determining eligibility of park licensing through the annual inspection process. The program is also responsible for park and dealer complaints; park, dealer and installer & repair licenses; and park construction and permitting.
The Mobile Homes program is responsible for initial and renewal licensure for mobile home parks and dealers and determining eligibility of park licensing through the annual inspection process. The program is also responsible for park and dealer complaints; park, dealer and installer & repair licenses; and park construction and permitting.
Unlike certain coastal states, Michigan doesn’t have a coastal property insurance pool. Therefore, mobile home owners in Michigan need to look for insurance through private providers.
Even though it’s not a legal requirement in Michigan, mobile home insurance is often a wise investment to safeguard your property.
Read through the following guides to help familiarize yourself with rules and regulations in Michigan:
Michigan law defines an “eligible person” for mobile home insurance as someone who owns or lives in a mobile home. Mobile home insurance policies are similar to conventional homeowners’ policies but include specific provisions for mobile homes.
Mobile home insurance in Michigan typically provides coverage for risks specific to the state, such as damage from severe weather events like floods, windstorms, and tornadoes.
Mobile home insurance policies are similar to those of conventional homes but come with additional provisions specific to mobile homes. They often include coverage for moving your home to avoid damage from floods, windstorms, and other perils.
Travel trailers, camping trailers, and
motor homes are typically insured under automobile, recreational vehicle, or special
policies.
In Michigan, there is no specific mention of a Mobile Home Relocation Fund so Michigan does not have a state-sponsored aid package akin to Mobile Home Relocation Funds in other states, which provide financial assistance to mobile home park tenants under certain circumstances such as park closure, redevelopment, rent increases, changes in community age restrictions, or rehabilitation of older homes.
If you owe money on a mortgage for your mobile home, it is likely required to protect your property and the bank’s investment.
If you don’t have enough savings to recover from disasters like fires or tornadoes, mobile home insurance provides financial protection.
If you own your mobile home outright but lack liability coverage, insurance can protect you from litigation if someone gets injured on your property.
If you've faced financial challenges in recent years, the Michigan Homeowners Assistance Fund is here to offer support. Through this program, which utilizes federal funding provided by the American Rescue Plan Act of 2021, over $114 million has been distributed to more than 15,000 homeowners in 2023. The Michigan Homeowners Assistance Fund provides relief by offering up to $25,000 per household to cover various home-related expenses. This includes assistance with delinquent mortgage payments, property taxes, and insurance costs. It's a fantastic opportunity to relieve some of the financial burdens that may have accumulated during these difficult times. To be eligible for this funding, applicants must have experienced a financial hardship directly linked to COVID-19. Additionally, households with a total income below 150 percent of the Area Median Income (AMI) are also eligible for this program. If you meet these criteria, you can find more details and access the application on the website of the Michigan State Housing Development Authority.
When it comes to getting mobile home insurance in Mount Pleasant, MI, understanding the different coverage options is essential to ensure your precious investment is well protected. Let's take a look at the types of coverage available:
Dwelling Coverage: Protection for the structure of your manufactured or pre-fab home against covered perils, such as fire, windstorms, lightning, and other hazards common to Mount Pleasant.
Personal Property Coverage: Coverage for your belongings inside the home, including furniture, appliances, electronics, clothing, and other personal possessions, safeguarding them from damage or theft.
Additional Structures Coverage: Protection for detached structures like garages, sheds, and fences on your Mount Pleasant property.
Loss of Use Coverage: Coverage for temporary living expenses if your home becomes uninhabitable due to a covered peril, providing funds for hotel stays, food, and other essentials while repairs are underway.
Flood Insurance: Given Mount Pleasant’s proximity to the Chippewa River, consider obtaining a separate flood insurance policy through the National Flood Insurance Program (NFIP) to protect against flood damage.
Replacement Cost Coverage: Mobile home insurance regulations may vary from state to state and even within different localities in Michigan. Working with a knowledgeable insurance agent can help you understand and comply with the specific requirements in your area.
Ordinance or Law Coverage: Coverage to help with additional costs involved in rebuilding your home to comply with updated building codes or local ordinances in Mount Pleasant.
Extended Replacement Cost Coverage: Provides additional funds beyond the dwelling coverage limit if rebuilding costs exceed the policy limit due to a widespread disaster in Mount Pleasant.
Medical Payments to Others: Coverage for medical expenses if someone is injured on your property, regardless of fault, to prevent potential lawsuits.
Inflation Guard Coverage: Automatically adjusts your policy’s coverage limits to account for inflation and the rising cost of building materials and labor in the Mount Pleasant area.
Vandalism and Malicious Mischief Coverage: Protection against damages caused by acts of vandalism or malicious intent in Mount Pleasant.
There are some extra types of coverage you can get to level up your protection:
Personal Liability Coverage
Earthquake Coverage
Sewer and Water Backup Coverage
Windstorm Coverage
Personal Property Endorsements
References:
