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S 2738

An Act addressing rising insurance costs for manufactured home residents

194th Legislature (2025-2026) Introduced by David DeCoste and 10 co-sponsors

Massachusetts legislation establishes insurance cost protections for manufactured home residents to prevent premium escalation that threatens affordable housing accessibility.

House concurred
0
WeVote Research Nonpartisan
Bill Summary · S 2738

Legislative bill overview

S 2738 addresses rising insurance costs for manufactured home residents in Massachusetts by establishing regulatory mechanisms and protections within the state's insurance framework. The bill aims to make manufactured home insurance more affordable and accessible by potentially limiting rate increases, requiring transparency from insurers, or creating dedicated regulatory oversight for this housing sector.

Why is this important

Manufactured homes serve as affordable housing for thousands of Massachusetts residents, but insurance costs have escalated significantly, threatening housing stability for low-to-moderate income families. Without intervention, rising premiums can make manufactured home ownership unaffordable or force residents to go underinsured, creating financial vulnerability during disasters or accidents.

Potential points of contention

  • Insurance industry opposition: Insurers may argue that rate restrictions limit their ability to cover actual claims costs and actuarial risk, potentially reducing market competition or availability
  • Defining "rising costs": Disagreement over what constitutes an unreasonable rate increase and what baseline should be used for comparison could complicate enforcement
  • Scope and burden: Unclear whether the bill applies only to new policies, existing policies, or both, and whether compliance costs will be passed to consumers through other fees

Compiled from official sources — confirm details with the bill’s official record.

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