CoverTree Secures $13 Million in Series A Funding to Revolutionize Manufactured Home Insurance Read More

Manufactured Homes

Manufactured Homes

The largest manufactured home builder is Clayton Homes – their business is nationwide, and they have 30 manufacturing facilities, and over 300 sales centers. Closing out the top 3 are Cavco and Skyline-Champion, both of whom have facilities and sales centers nationwide. There are also regional builders all over the country. If you’re anywhere in the continental US, there is a manufactured home builder near you.

These terms refer to the number of sections that compose the home. A single wide has one section, double wide has two, and a triple wide manufactured home has three sections. These sections are delivered separately, and joined together at the home site.

A park model home is small, efficient home built for in campgrounds, RV parks, and resorts. They are limited to 399 square feet or less and are titled in a similar manner to an RV or travel trailer. When set up, they are connected to utilities like power, water, and sewer. The Recreation Vehicle Industry Association (RVIA) operates a safety standards and inspection program that requires member manufacturers of all recreation vehicles, including park model RVs, to affix a RVIA standards program seal to every unit they build in their factories. This seal indicates the manufacturer’s certification that the unit complies with the requirements of the applicable standards. These homes are a great option for those looking for a small, efficient home, or a second home that’s more affordable than a traditional site built home.

Everywhere. You can find manufactured homes all over the United States. They are in all 50 states, from California to Alaska to New York to Hawaii. They are in urban areas, and they are in rural areas. You can find them in communities, on private property, on military bases, even on the beach! Manufactured Homes offer a tremendous value to home buyers, and they’re popularity continues to grow nationwide.

A mobile home is any home built on a chassis prior to the HUD code of 1976. They refer to factory built homes that were more mobile, in that they were often moved from site to site. This is different from a manufactured home in that manufactured homes typically are not moved once they are set on the home site. While many home buyers refer to manufactured homes as mobile homes, this is technically incorrect. Mobile Homes have not been constructed since 1976.

A manufactured home refers to any factory home built after 1976 and is constructed according to a code administered by the U.S. Department of Housing and Urban Development (HUD Code). The HUD Code, unlike conventional building codes, requires manufactured homes to be constructed on a permanent chassis. The homes will come in 1, 2, or 3 sections and are attached a steel frame for transport. A manufactured home is a well constructed, energy efficient, high quality affordable housing option available across the United States.

CoverTree Inc. (CoverTree) is a Program Administrator for CoverTree’s Manufactured Home Program, underwritten by Markel American Insurance Company (Markel), located at 4521 Highwoods Parkway, Glen Allen, VA 23060. CoverTree is acting as the agent of Markel in selling insurance policies. CoverTree receives compensation based on the premiums for the insurance policies sold. Further information is available upon request. Subject to underwriting guidelines, review, and approval. Use of Covertree is subject to our Terms of Use, Privacy Policy, and Licenses.

CoverTree operates in the state of California (CA) as MHTree Insurance Services with CA license# 6009070.

Products and discounts not available to all persons in all states. All decisions regarding any insurance products, including approval for coverage, premium, commissions and fees, will be made solely by the insurer underwriting the insurance under the insurer’s then-current criteria. All insurance products are governed by the terms, conditions, limitations and exclusions set forth in the applicable insurance policy. Please see a copy of your policy for the full terms, conditions and exclusions. Any information on the Site does not in any way alter, supplement, or amend the terms, conditions, limitations, or exclusions of the applicable insurance policy and is intended only as a brief summary of such insurance products. Policy obligations are the sole responsibility of the issuing insurance carrier.

Rating as of March 1, 2022. AM Best ratings are under continuous review and subject to change. Please refer to Markel’s website for the most current information. The rating represents the overall financial status of Markel American Insurance Company, and is not a recommendation of the specific policy provisions, rates or practices of the issuing insurance company.

Copyright © 2022 CoverTree Inc. All rights reserved