Rising Rents Could Force Residents to Seek Cheaper Mobile Home Insurance

California residents who buy a mobile home after 2011 may find themselves paying higher than expected rents, which could create more of a need for affordable mobile home insurance.

This week, the state assembly approved a bill that would allow owners of mobile home parks to lift local rent controls on units after a resident moves out of them. The bill would not affect people in their current homes. Supporters are said to favor the proposal as a way to help owners recoup their costs, while opponents have denounced it as a financial burden for seniors and other people who live on fixed incomes.

Still, a report by Gannett newspapers notes that the bill passed by a narrow margin in the assembly, and could face an even more difficult time in the state senate. The report notes that about 700,000 California residents live in mobile homes, and that about 100 municipalities currently have rent control policies in place.

The prospect of higher costs for a mobile home comes at a particularly unwelcome time for many because of the recession. The higher the rent costs become, the more people are likely to try to offset the financial burden by finding an affordable mobile home insurance policy.