As an addendum to a story MHProNews published April 26, 2013 regarding Florida’s state-run insurance company reducing its coverage (but not its premiums) on older manufactured homes (MH), a resident says his Citizens renewal notice indicates the value on his home dropped from $71,000 to $29,000 in 12 months. In a letter to floridatoday.com, Ernest Loening, of Barefoot Bay, Fla. says it’s because state laws still consider MH “mobile” which allows Citizens to pay only cash value in case of a loss. He says Citizens sent two representatives to a homeowners meeting two years ago who told the homeowners the company had $7 billion in reserve. According to Loening, State Rep. John Tobia told residents of Barefoot Bay owners of MH have to “pay a surcharge for the storm of the century that may never come.” ##

(Photo credit: Tim Shortt/floridatoday.com–Barefoot Bay, Fla.)