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Owning a manufactured home community has its own unique set of risks. Putting measures in place to prevent accidents and reduce the damage will help keep costs low. From storm damage to liability lawsuits, insurance claims for manufactured home communities are often a result of preventable issues. Knowing the proactive steps to take to prevent these claims and mitigate damage will save you both time and money. Property Damage from Storms  Storms of all kinds can cause major damage to your property. While some property damage from storms can’t be prevented, there are some steps to take to help reduce the [...]

Natural disasters like hurricanes, wildfires, floods, and tornadoes can be devastating for a manufactured home community. Having the right insurance for natural disasters is essential for safeguarding your property, minimizing financial loss, and rebuilding your community. Without the right coverage, a natural disaster could make it impossible to recover. How Insurance for Natural Disasters Helps Your Community The right insurance coverage can help your community quickly recover after a natural disaster strikes. Insurance helps by covering damaged infrastructure and community-owned buildings, replacing lost income, paying for extra expenses and more. The financial support during this time can provide the stability your [...]

Summer is the time for fun in the sun, but steps must be taken to ensure that it’s done safely. The summer time brings its own challenges with increased traffic at the community pool, more residents grilling, and preparing for the hurricane season. There are steps you can take to ensure you are increasing summer safety at your manufactured home community and reducing your liability. Pool Safety Rules and Signage - Post the pool rules in a highly visible area at the pool entrance. The rules should include: All Children Must be Supervised by an Adult No Running No Diving No [...]

Taking care of maintenance issues in a manufactured home community keeps your community in good working order, increases resident satisfaction, and reduces liability. Roads and Pavement   The roads in your manufactured home community are one of the most-used elements on the property. Without maintenance, they deteriorate and become a safety issue. When cracks and potholes go unfilled, the roads degrade even faster. These cracks and potholes can cause trips and falls, bicycle and auto accidents, which can lead to expensive lawsuits. Maintenance Tips:  Sealcoating: Use a protective liquid sealant to seal the roads and pavement. These sealants protect the roads from [...]

Community-owned homes can be a good investment for your business, but you must manage them well. While community-owned homes have the potential to have a higher profit margin, they come with a specific set of responsibilities you need to be aware of. If you are just starting out with community-owned homes, it’s important to know what you are responsible for and what the tenant is responsible for so you can keep your tenant happy, protect your investment, and ensure your business is profitable. Choosing Tenants  When it comes to how you manage community-owned homes, screening tenants is one of the most [...]

Fostering a sense of community among the residents of your manufactured home community will increase engagement and help create a well-maintained environment. Increased community engagement leads to higher resident satisfaction, benefiting both community owners and residents. When tenants enjoy where they live and feel connected to the community, they are more likely to take pride in the property and contribute to its success.  They are happier, complain less, and help more.  They also extend their residency longer. Reasons to Boost Community Engagement Resident Retention When residents feel connected to their community, they are more likely to stay long-term. This is important [...]

As a new manufactured home community owner, navigating your business’s insurance needs can feel overwhelming. It’s critical to have insurance coverage designed for MHC operations in place. This ensures your business is financially protected and gives you peace of mind. There are many types of coverage that your community may need. Below are some of the types that most communities require. Our team can walk you through the insurance process and create a coverage plan that is specific to your manufactured home community’s needs.  Every community needs tailor-made coverage. Types of Insurance Coverage for Manufactured Home Communities General Liability Insurance: This [...]

Maintaining your manufactured home community will help you protect your investment and improve the quality of life for your tenants. Credible estimates evidence that the return on investment in loss control reaps a 10X long-term return on investment.  Damage to community property can cause injuries, expensive property damage, and lead to expensive repairs if left unaddressed.  All the above will result in higher insurance premiums or worse yet, unavailable insurance. You could be held liable if a resident is injured due to unsafe conditions, potentially resulting in lawsuits and legal fees. By staying ahead of the issues and performing proactive maintenance, [...]

Rent control policies can have a major impact on your manufactured home community and business. These policies are often put in place to protect residents and renters from being displaced due to extreme price jumps in rent and fees but can negatively impact community owners when laws fail to account for rising operational costs, maintenance, and fair returns on investment. This is particularly challenging during times of high inflation when the cost of doing business increases. Rent Control Policies & Manufactured Home Communities There are many states and cities around the country that have various rent control policies in place, and [...]

Different types of properties are subject to different zoning laws. There are zoning laws for businesses and commercial use, residential areas, and agricultural land as well as others. These laws are often dictated by local jurisdictions and can vary greatly from city to city. This can make it difficult to keep up with what laws affect your community since there is not a federal or state set of zoning laws. Many jurisdictions and cities frequently update these codes and use these laws to restrict manufactured home communities. Understanding zoning laws for manufactured home communities is important so you can avoid fines [...]