American Mobile Withdraws: What it Means for Florida Mobile Home Insurance

Florida’s mobile home insurance market is in turmoil. Recent events, including the sudden withdrawal of the American Mobile Insurance Exchange (AMIE), have left thousands of homeowners scrambling for coverage for the mobile homes.

What Happened?

AMIE abruptly canceled over 1,100 policies due to financial difficulties, leaving policyholders with just 45 days to find new insurance. This, combined with rising reinsurance costs, has caused many insurers to limit coverage or withdraw offering insurance for  Florida manufactured homes completely.

Many Florida residents rely on mobile homes, and keeping them insured is crucial. Unfortunately, recent developments have made securing coverage more challenging. Here’s a breakdown of the situation and how MyFloridaMobileHomeInsurance.com can help.

The Problem:

• American Mobile Insurance Exchange (AMIE), a major provider for mobile home insurance, withdrew from the Florida market in March 2024.
• This left thousands of policyholders scrambling for new coverage, especially those with older mobile homes (manufactured before 2022).
• Other insurers have limited coverage to newer models due to increased reinsurance costs and hurricane risks.

What it Means for You:

• If your mobile home policy was canceled by American Mobile, you’ll need to find new coverage.
• American Traditions assumed some of American Mobile’s policies. If your policy was assumed, American Traditions will offer you a replacement policy. In this case, you will have no lapse in coverage and will not need to search for a new policy.
• MyFloridaMobileHomeInsurance.com specializes in Florida mobile home insurance and can help you navigate your options.

Citizens Property Insurance:

• Citizens Property Insurance Corporation (Citizens) is a state-created insurer that may be the only option for older mobile homes.
• While Citizens’ rates are generally lower, it’s actively trying to reduce its policy count.

How We Can Help:

At MyFloridaMobileHomeInsurance.com, we understand the challenges facing mobile homeowners in Florida. We can:

• Search for alternative coverage options from reputable insurers
• Guide you through the application process and explain different policy options.
• Negotiate on your behalf to secure the best possible coverage and rates

Don’t Wait to Secure Coverage!

Finding new mobile home insurance can be stressful, but we’re here to help. Contact MyFloridaMobileHomeInsurance.com today for a free mobile home insurance quote and expert advice.

Additional Resources:

• Florida Office of Insurance Regulation: https://www.myfloridacfo.com/division/agents/
• Citizens Property Insurance Corporation: https://www.citizensfla.com/mypolicy
• Call us to Get a Quote or  Compare Insurance Quotes for Florida Mobile Home Insurance

Remember: Even with recent changes, MyFloridaMobileHomeInsurance.com is committed to finding you the best possible coverage for your mobile home in Florida. Let us take the stress out of securing your peace of mind.