Rising Home Insurance Rates Struggle in Florida's Manufactured Homes

Homeowners, particularly those with manufactured or mobile homes, face dwindling options for home insurance this year. In North Fort Myers, increasing numbers of manufactured homes are flooding the market amid issues with finding affordable insurance. Couples like Joyce and Don Hawley report dramatic increases in their insurance rates, with state-run Citizens being one of the limited options available. Many neighbors are grappling with similar challenges, often leading them to sell their homes rather than deal with rising costs.

The departure of American Mobile Insurance Exchange from Florida has left a significant gap in the insurance market for manufactured homeowners. Insurers are reassessing their policies largely due to concerns regarding older homes' resilience against hurricanes. Doug Nellans from The Insurancenter highlights that homes built before 1990 face particular scrutiny, complicating their insurability. As a result, many homeowners are contemplating selling rather than risking continued hikes in insurance rates, while the market for manufactured homes in Southwest Florida becomes increasingly contentious.