- New Orleans resident Rochelle Trotter separates from home
- His decision comes after his home insurance costs skyrocketed.
- Trotter’s mortgage on his home also increased by $1,200 a month.
A single mother has revealed the heartbreaking reason she was forced to sell her “dream” home.
Rochelle Trotter is separated from her beloved New Orleans home after her mortgage and home insurance costs skyrocket.
“I feel robbed because I worked so hard to get my house,” she said. told WDSU News.
Trotter’s mortgage recently increased by $1,200 a month.
“I lived in that house for ten years and anyone who knew me would tell you that when you walked up to the front door it was always open,” he said.
Rochelle Trotter is separated from her beloved home after her mortgage and home insurance costs skyrocket
Trotter’s mortgage on his New Orleans home recently increased by $1,200 a month
“It was a safe haven for everyone, we laughed, we talked, we slept on the floor, we danced, we had barbecues,” he recalled.
‘I was a single mother and people said I couldn’t afford this house, but despite what they said, I fought and kept my house.
“I kept it until I couldn’t keep it anymore,” he said sadly.
John Ford of the Louisiana Department of Insurance told the station that there are hundreds of thousands of other citizens facing the same difficulties.
After Hurricane Ida hit Louisiana in 2021, several large insurance companies left the state or stopped providing new coverage.
“I kept it until I couldn’t keep it anymore,” she said sadly of her struggle to keep her home.
With a huge increase in premiums, Trotter is one of many facing a difficult decision.
This caused a huge increase in premium costs.
“People need places to go,” Trotter said of the current insurance nightmare being inflicted on other families.
“Homelessness is getting worse and it’s really sad,” he added.
Louisiana Insurance Commissioner Tim Temple has announced his plan to create more flexibility for insurers to help them stay in the state.
One such proposal is to eliminate the ‘three-year rule’, which prohibits insurers from canceling customers if they have been with that provider for three years or more.
Another is to allow insurance companies to raise rates without prior approval and more than once a year.
