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‘Several hurricanes have come close’: I’m 73 and live in a mobile home in Florida. Do I ditch my $2,400 home insurance?
- What: A 73-year-old Florida resident is considering canceling their $2,400 home insurance due to frequent hurricane threats.
- Why: The resident's mobile home, valued at $2,400, may not be worth the cost of insurance, especially with no mortgage.
- Signal: Several hurricanes have come close to the resident's location, increasing the risk of damage.
- Target: The resident is seeking advice on whether to keep or cancel their home insurance policy.
- Risk: The resident faces a high risk of hurricane damage, which could be catastrophic without adequate insurance coverage.