Soaring Insurance Costs
Homeowner’s Insurance have soared across the state for all of us but, is worse for the owners of mobile homes.
I just read an article that reports that more that half of Florida’s 800,000 mobile homes are no longer covered by homeowner’s insurance. One reason is that the preimum is normally higher on mobile homes and many of owners cannot afford the premium and/or feel that the value of their homes does not justify the amount of their preimum they are charged. Another factor is that the insurance companies are wary of older mobile homes that lack the wind protection that is required after the 1992 Hurricane Andrew, which adds to the number of uninsured homes.
