MOBILE, Ala.—When Kelly and Mike Francis saw the home-insurance quotes for the house they wanted to buy here last spring, they had sticker shock.
The couple decided to take out a different policy from a little-known insurer that included reduced coverage of an aging roof, which made the house vulnerable to hurricanes and other fierce weather that batter the Gulf Coast.
At about $4,500 a year, it was cheaper than a comprehensive policy, but they could still barely swing it.
Persons:
Kelly, Mike Francis