As insurers pull back across the country, a growing crisis is unfolding for owners of manufactured homes.
Long considered a cornerstone of naturally occurring affordable housing (NOAH), manufactured homes house roughly one in every 15 people in the U.S., according to the Manufactured Housing Institute. Many of these residents are fixed-income seniors who depend on modest home insurance policies to safeguard their biggest asset: their home.
But as premiums surge and insurers exit the market, their safety net is slipping out of reach. What was once an affordable option is becoming financially precarious—not because of the mortgage, but because of the insurance…