When someone is purchasing a new or used mobile home in Minnesota they must visit the Minnesota Department of Motor Vehicle Office to have the title transferred to them.
Once this is done the individual owns the home and has the right to move it.
One of the most appealing things about manufactured homes is their mobility.
Although they aren't easy to transport from one location to another, it can be done with the right equipment and preferably with a team of professional movers.
Even though a person may assume that the movers have insurance in place to protect the home during transit, this isn't the case.
The homeowner themselves must purchase transportation insurance for their mobile home.
A standard homeowner's insurance policy for a mobile home in Minnesota will typically have provisions in place that offer protection should the home need to be moved during an emergency.
This is normally defined as an instance when the home is in the direct path of a fire or flood.
For other times, when the homeowner decides to move their residence, they should consider speaking to their insurance agent about transportation insurance.
This insurance directly applies to those times when the home is being relocated.
It provides coverage in the event the mobile home is damaged or involved in a collision.
Any type of homeowner's insurance for a manufactured home can be costly depending on the age, size and location of the home.
One way that a homeowner can lower their annual premiums is to ask for a higher deductible.
If the policy is quoted with a deductible of $100, ask for a quote with a deductible of $500 or even $1,000.
The price with drop and for someone able to afford to pay the higher deductible if need be, this is a better route to take.