Search
 

Mobile Housing: Insuring a Vulnerable Market

Manufactured homes comprise almost 20% of the market in states like South Carolina. But aging stock and more natural disasters can make insurance coverage tricky.

By staff Writer | Updated on January 30, 2014

According to the Manufactured Housing Institute, the 8.5 million mobile/manufactured homes with about 20 million people living in them comprise about 6.4% of the U.S. housing sector. Affordability is key: about 70% of all new single-family homes sold for under $125,000 are manufactured. And they’re especially popular in warmer climates–for example, about 18% of South Carolina’s homes are mobile or manufactured.

We spoke with Scott McDermott, product manager, residential products at American Modern about the unique vulnerabilities in this housing sector. Click on the following pages for a Q&A with McDermott on market trends and tips for agents writing this coverage.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.