One took out a reverse mortgage to meet his premiums. Another explained how people were being forced out of their Habitat for Humanity homes by high insurance rates.
One by one, homeowners from Mobile and Baldwin counties told their stories Wednesday to a joint hearing of the state House and Senate Banking and Insurance committees, and urged members to address insurance woes plaguing coastal Alabama.
“I have to pay my insurance out of my home equity, which as you know is declining,” said Stan Virden of Gulf Shores. “I’m getting to the point where I’m almost upside-down.”
Coastal county residents press Legislature for insurance help
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