Historically, you plan for maybe a 5% – 10% bump in the cost of homeowners insurance when rates rise due to normal market pressures.  In the current environment, an increase of 20% is considered good, but it’s not uncommon to see a 50% or 100% increase.

So why exactly are insurance rates climbing so high?

It’s a combination of factors including inflation, higher labor costs and a host of natural disasters in the past year.  In fact, the insurance industry had 23 separate catastrophic crises last year that resulted in over a billion dollars from the insurance collective.  That included the huge losses in Lahaina with all the major carriers there, the California wildfires, and a host of wildfires right here in Arizona.

Maybe you have received a notice that your current insurance company will no longer carry your policy on your manufactured home.  Yes, things have gotten so challenging that some carriers have suspended writing policies for customers living in a fire district or flood zone that’s considered too high risk. Some manufactured home insurance carriers have quit the state altogether.

Here’s some things you can do to help keep the cost of your policy from going up even more:

• Maintain your manufactured home
• Have your roof inspected annually
• Replace your roof after 15 – 20 years
• Update and inspect your plumbing regularly

You’ve got options , but if you want the coverage you need to protect your investment at the best value, we’re here to help make it happen without the confusion and gimmicks.  You’ll talk to a live manufactured home insurance expert – Arizona’s top choice for 30 years – happy to assist you and answer any questions you may have.