Mobile home owners could soon face steep cost increases for insurance coverage. The N.C. Rate Bureau has requested a nearly 100 percent increase for certain policies. If approved, NCRB is asking that the increases be applied in two stages. The first phase would increase fire policies by 23.2 percent on July 1, 2023 and casualty policies by 31.5 percent. The following year policies would increase by 24.5 percent for fire and 33 percent for casualty. Representatives of the NCRB blamed the insurance hikes on an increased amount of mobile home owners filing claims, and the cost to resolve those claims. Mobile home owners have the opportunity to voice their concerns to the DOI before a decision is made. Written comments should be mailed in time to reach the DOI by Nov. 18.
