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 Farragut, Tennessee – a town that beautifully blends historical significance with modern charm. Named after Admiral David Farragut, a Civil War hero famed for his “Damn the torpedoes, full speed ahead!” command, this town carries a deep sense of pride in its rich past while embracing a vibrant present.
Farragut is more than just a place on the map—it’s a community that invites you to slow down and savor life. Whether it’s strolling through the scenic parks like Anchor Park and Founders Park, or spending a leisurely afternoon shopping at the charming boutiques in the Shoppes at Homespun, the town has a way of making you feel at home.
Nature lovers will find solace in the numerous greenways that wind through the area, offering peaceful paths for walking or biking. The Cove at Concord Park is a local gem, where you can paddle on Fort Loudoun Lake or simply bask in the serene surroundings. In the winter, Cool Sports provides a delightful indoor escape with its ice skating rink.
The culinary scene in Farragut is as diverse as it is delicious. Start your day with a fresh crepe at The French Market, a local favorite that brings a touch of Paris to Tennessee. For lunch, you might head over to Sam & Andy’s for a classic diner experience, or if you’re in the mood for something lighter, the Apple Cake Tea Room offers delightful sandwiches and, of course, its famous apple cake.
Farragut’s community spirit shines through its events and gathering spots. Whether you’re enjoying a summer concert at the Cove, exploring the Admiral Farragut Museum, or mingling with locals at one of the town’s many festivals, there’s a warm, inviting atmosphere that makes you feel connected.
For those considering making Farragut their home, it’s not just the beauty of the area that stands out—it’s the sense of belonging. With excellent schools, safe neighborhoods, and a strong community, Farragut offers a lifestyle that’s both enriching and serene. It’s a place where memories are made, and where new residents quickly find themselves calling it home.
Yes, mobile home insurance is essential in Tennessee due to the state’s diverse climate and environmental challenges. Insurance provides financial protection against natural disasters, liability issues, and potential losses due to theft or vandalism. Given Tennessee's susceptibility to tornadoes, flooding, and winter storms, having comprehensive coverage ensures you are financially protected in case of damage or loss.
In Tennessee, insurance premiums for homeowners are influenced by a variety of factors. The insurer you choose can significantly impact the premium you pay, as different companies may offer varying rates for similar coverage. Additionally, your decisions regarding the amount of coverage you purchase also affect your premium. Here are some key factors that insurers consider when determining your premium:
By understanding these factors, homeowners in Tennessee can make informed decisions about their insurance needs and find ways to potentially lower their premiums.
The cost of mobile home insurance in Tennessee varies based on several factors:
On average, mobile home insurance in Tennessee can range from $300 to $1,000 annually, depending on these factors.
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Severe thunderstorms are a common weather hazard in Farragut, TN, bringing with them the risks of heavy rain, strong winds, lightning, poor visibility, and potentially damaging hail. These storms can cause significant damage, particularly when they reach severe levels, with risks including damaging winds and large hail.
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Insights and Implications for Homeowners:
For homeowners in Farragut, severe thunderstorms present a substantial risk to property and personal safety. The strong winds and large hail associated with these storms can damage roofs, windows, and vehicles, while heavy rain can lead to flooding and water damage. Lightning poses a fire risk, and poor visibility can make driving dangerous. Homeowners should ensure their properties are prepared for severe weather by securing outdoor objects, reinforcing roofs and windows, and maintaining proper drainage systems to prevent flooding. Additionally, having a reliable emergency plan and staying informed about weather warnings is crucial to mitigate risks.
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Farragut, TN, has a moderate wildfire risk, with 59% of the properties in the area—amounting to 5,946 properties—facing some level of wildfire risk over the next 30 years. Wildfires can be devastating, not only by directly damaging homes but also by disrupting access to utilities, emergency services, and evacuation routes.
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Insights and Implications for Homeowners:
For homeowners in Farragut, the risk of wildfire, while moderate, is significant enough to warrant attention. To mitigate this risk, residents should create defensible space around their homes by clearing away flammable vegetation and debris, use fire-resistant materials in home construction, and have an evacuation plan in place. Wildfires can also affect the availability of utilities and emergency services, so it’s important to have backup plans for water, power, and communication during a wildfire event.
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Although the risk of earthquakes in Farragut, TN, is lower than the national average, it is still present. The earthquake index for Farragut is 0.67, slightly higher than the Tennessee state average of 0.56 but well below the U.S. average of 1.81. Earthquakes, though infrequent, can cause significant structural damage, especially to older buildings that may not be built to modern seismic standards.
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Insights and Implications for Homeowners:
While the earthquake risk in Farragut is relatively low, homeowners should not ignore the potential for seismic activity. Ensuring that homes are seismically retrofitted can reduce the risk of damage during an earthquake. This includes securing heavy furniture, installing flexible utility connections, and reinforcing the foundation. Homeowners should also consider earthquake insurance if it’s not already included in their coverage, as even a minor earthquake can cause expensive damage to property and infrastructure.
These three risks—tornadoes, flooding, and heat—underscore the diverse weather challenges facing Farragut. Addressing these risks through proactive planning and community engagement will help enhance resilience and safety in the region.
Farragut has a property crime rate of 6 per one thousand residents. This rate includes crimes such as burglary, larceny, motor vehicle theft, and arson. Compared to other cities and towns across America, Farragut’s property crime rate is below average, making it less likely for residents to experience property-related crimes.
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The violent crime rate in Farragut is 1 per one thousand residents. This rate covers serious offenses such as armed robbery, aggravated assault, rape, and murder. Farragut’s violent crime rate is about average compared to other communities in America, giving residents a 1 in 955 chance of becoming a victim of violent crime.
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Farragut’s overall crime rate is 7 per one thousand residents, which is among the lower rates in America across all communities. The overall likelihood of becoming a victim of either violent or property crime in Farragut is 1 in 140. This places Farragut in a safer category, with a crime rate lower than approximately 69% of Tennessee’s cities and towns. When compared to similarly sized communities across the country, Farragut’s crime rate is noticeably lower than average, making it safer than most other cities of its size.
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Description: Keep detailed records of home improvements and repairs. Importance: Documenting improvements helps with future repairs and potential resale.
Description: Stay current with property tax payments and understand any exemptions or credits available. Importance: Managing property taxes effectively helps avoid penalties and ensures compliance with local regulations.
Description: Use landscaping techniques to manage water runoff and prevent flooding. Importance: Proper landscaping helps mitigate flood risks, especially important in Tennessee’s rainy season.
Description: Implement energy-saving practices to reduce utility costs. Importance: Energy conservation is essential for managing expenses and ensuring comfort through Tennessee’s extreme temperatures.
Description: Invest in home security systems to protect against theft and vandalism. Importance: Security systems help safeguard your home, especially in areas with higher crime rates.
Description: Make necessary accessibility improvements if needed for mobility issues. Importance: Ensuring accessibility improves safety and convenience for all residents, especially for those with disabilities.
While cost should not be the only factor to consider, it is important to evaluate the affordability of the insurance policies you are considering. Obtain quotes from multiple providers and compare them, ensuring you understand the coverage details associated with each quote. Additionally, inquire about any available discounts, such as bundling home and auto insurance or installing security features in your manufactured home, as these can help reduce your premium costs.
The State of Manufactured Housing in Tennessee:
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Insights: Manufactured housing plays a crucial role in Tennessee’s housing market due to its affordability compared to traditional homeownership and renting. However, the age of many of these homes, particularly those built before 1980, can lead to higher maintenance costs for homeowners. The affordability and availability of manufactured homes provide an essential housing option, particularly for low- and moderate-income residents, despite potential future expenses related to older units.
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Insights: Tennessee offers slightly more affordable housing than the national average, and the state has a relatively low foreclosure rate. However, homeownership rates vary significantly by demographic factors such as race, income, and family structure. Manufactured housing can help bridge some of these gaps by providing an affordable homeownership option. With a substantial portion of manufactured housing being affordable, this type of housing is critical in meeting the state’s need for low-cost housing solutions.
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Insights: Manufactured housing is a vital component of affordable housing in Tennessee, particularly for very low-income homeowners who face lower housing cost burdens compared to other forms of homeownership. The significant cost savings per square foot make manufactured homes an attractive option for those seeking affordable housing. This type of housing is essential for providing stable and cost-effective living conditions for a large portion of Tennessee’s population, particularly in a state where homeownership challenges vary widely.
Mobile homes play a significant role in Tennessee’s housing landscape, offering an affordable and flexible housing solution. To ensure that mobile home owners and residents are well-informed and in compliance with the latest regulations, it’s essential to stay up-to-date with the 2023 mobile home laws in the state. In this comprehensive guide, we’ll explore the key aspects of Tennessee’s mobile home laws for 2023, covering ownership, placement, and essential regulations to help you navigate the mobile home landscape effectively.
Mobile homes play a significant role in Tennessee’s housing landscape, offering an affordable and flexible housing solution. To ensure that mobile home owners and residents are well-informed and in compliance with the latest regulations, it’s essential to stay up-to-date with the 2023 mobile home laws in the state. In this comprehensive guide, we’ll explore the key aspects of Tennessee’s mobile home laws for 2023, covering ownership, placement, and essential regulations to help you navigate the mobile home landscape effectively.
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Insights: In 2023, Tennessee maintained strict regulations on mobile home ownership to ensure clarity and accountability in property transactions. The titling process serves as irrefutable proof of ownership and imposes the responsibility to transfer the title to the new owner during a sale or transfer. Non-compliance can result in legal and financial penalties, highlighting the importance of adhering to these regulations.
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Insights: The placement of mobile homes in Tennessee is tightly regulated by local zoning ordinances, which can differ significantly across regions. Mobile home owners must thoroughly research and comply with these local ordinances to ensure they meet requirements such as property line setbacks, minimum lot sizes, and allowed mobile home types. Understanding these zoning laws is essential for a harmonious community integration and to avoid potential legal issues.
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Insights: In 2023, Tennessee continues its commitment to mobile home residents’ safety by enforcing rigorous safety standards. These standards cover critical aspects of mobile home living, ensuring that homes meet specific requirements for electrical systems, plumbing, heating, and ventilation. Mobile home owners should be prepared for periodic inspections to maintain compliance, underscoring the state’s dedication to secure and habitable living environments for all residents.
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Insights: Tennessee’s regulations for the transportation and installation of mobile homes prioritize safety and structural integrity. These regulations mandate acquiring the necessary permits and adhering to established guidelines during the disassembly, transportation, and reinstallation processes. Compliance with these regulations is crucial to ensure the safety of the mobile home and the community it is placed within.
In Tennessee, manufactured home residents have homeownership rates comparable to those of residents in other types of housing. Approximately 66% of manufactured home residents own their homes, which mirrors the 66% homeownership rate seen among residents of traditional site-built homes. This parity underscores the significant role that manufactured homes play in providing affordable housing options that facilitate homeownership in the state.
Financing for manufactured homes differs notably from traditional home financing. Owners of manufactured homes are less likely to have a conventional mortgage and are more likely to use personal property loans. These loans, which often come with higher interest rates, shorter prepayment periods, and fewer consumer protections, present unique challenges for manufactured home owners. Unlike traditional mortgages, personal property loans typically classify homes as personal property, akin to vehicles.
This classification can lead to financial drawbacks, as lenders may use depreciation tables similar to those in the auto industry to determine the value of these homes. Consequently, manufactured home owners may experience a decline in their home’s value over time, making it more challenging to build equity and wealth through homeownership. Despite these challenges, the accessibility of personal property loans continues to enable many Tennesseans to achieve homeownership through manufactured homes.
Overall, while manufactured home residents in Tennessee enjoy similar homeownership rates to those living in site-built homes, the financial pathways they navigate can be markedly different, often requiring careful consideration and planning to maximize the benefits of their home investment.
The Manufactured Housing and Modular Buildings Section of the Tennessee Department of Commerce and Insurance oversees the regulatory framework for HUD-labeled manufactured homes and modular buildings. Operating under TCA Title 68 and federal mandates like the National Manufactured Housing Construction and Safety Standards Act of 1974, the section plays a pivotal role in licensing manufacturers, retailers, and installers of manufactured homes. It ensures compliance with safety standards through rigorous inspections and investigates violations of state and federal regulations. Additionally, the section collaborates with HUD as the State Administrative Agent, overseeing aspects such as construction quality control, consumer complaint resolutions, and post-production monitoring of homes in Tennessee.
For those involved in manufactured housing or modular construction in Tennessee, the section provides critical services like license application and renewal, verification, and handling of consumer complaints. It serves as a central hub for resources and information, facilitating the safe and compliant installation and maintenance of manufactured homes and modular buildings across the state. Residents and stakeholders can contact the Manufactured Housing Section at their Nashville headquarters for inquiries, licensing procedures, or to report any issues related to manufactured housing standards and regulations.
Since Tennessee is located inland, and does not have a coastline, there are no Coastal Insurance Pool Services available as per government/subsidized schemes. You might however find some add ons to your insurance plan, like the Inland Marine Select plan available for new construction of individual dwellings and commercial projects with limits of up to $3,000,000 available – according to construction type and protection class, with further limits of up to $500,000 per location – which is excluding wind & hail in coastal areas.
The Tennessee Manufactured Housing Foundation (TMHF), based in Mt. Juliet, TN, is dedicated to assisting Tennessee residents who are economically disadvantaged or facing challenging circumstances related to their manufactured homes. TMHF aims to support the repair and improvement of existing manufactured homes and provide replacement homes to those in need due to income limitations or other hardships.
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Insights: Understanding tenant rights and landlord responsibilities is vital for harmonious living in Tennessee’s mobile home parks. The current laws cover essential issues like rent increases, eviction procedures, and tenant protections, aiming to balance the interests of park owners and tenants. These laws foster fairness and equity, ensuring a mutually beneficial mobile home park experience in Tennessee.
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Insights: In 2023, Tennessee reinforced its commitment to environmental sustainability in mobile home communities by implementing strict environmental regulations. These rules address critical areas such as responsible sewage disposal, water quality maintenance, and efficient waste management. Adhering to these regulations promotes a healthier living environment and contributes to preserving the state’s natural resources.
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Insights: Staying informed about evolving mobile home laws and regulations is crucial for compliance in Tennessee. The legal landscape can undergo revisions and updates to address new issues and changing circumstances. By frequently checking for updates and consulting with relevant authorities, mobile home owners and residents can navigate new provisions effectively and continue enjoying the benefits of mobile home living with confidence.
Navigating the current mobile home landscape in Tennessee requires a thorough understanding of the state’s laws and regulations. From ownership and placement to safety standards and tenant rights, being aware of these laws is essential for both mobile home owners and residents. By staying informed and adhering to the latest regulations, you can ensure a smooth and compliant mobile home experience in the Volunteer State.
For more information on your rights visit the following resources:
It’s essential to compare quotes from various insurance providers and work with local agencies that understand Farragut’s specific risks. You also need to be vocal about being able to customize your policy to cover specific needs like monsoon or storm damages. Always remember to ask about any available discounts that you may be eligible for!
