(WSJ) After Irma, Many Mobile Homeowners May Face Tough Choice–rebuild or walk away

Some of the homes hardest hit by Hurricane Irma in Florida are also the least likely to be insured.

Florida has more mobile and manufactured homes than any other state. These homes, which are built in factories rather than directly onto a lot, often house low-income residents and seniors seeking cheaper housing for their retirement.

The homes are also less likely to be insured than many other types of homes, with the Florida Manufactured Housing Association estimating as many as 50% of the homes may lack insurance.

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Posted in America/U.S.A., Marriage & Family, Natural Disasters: Earthquakes, Tornadoes, Hurricanes, etc., Personal Finance & Investing

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