When it seems like they have a final bid and no one is willing to increase it, they will often times go talk to the owner for a few minutes.

I think we are competitively priced, so most of out tenants have been renewing, but we plan to test higher rents in 2025  for our larger apartment buildings to account for the steep increase in insurance prices.There have been A LOT of new apartment buildings put up recently in the Cedar Rapids metro area, so depending on the class of tenant you have, maybe that could account for some of softening you are seeing? 

Increasing it to at least $500K to $1M ensures better protection.

Mobile homes can sometimes be more expensive to insure, so it’s good to shop around for quotes.Resale Value: If you ever decide to sell the mobile home, understand that its value might not increase over time.

Low vacancy, tax increase, interest rate increases and insurance increases.

However, I’m actively managing my investment, taking on risk, and improving the property, which has significantly increased its value.

Quote from @Cameron Moore: Exactly. 15 years ago, I noticed an increase in owners using insurance to pay for a replacement roof, usually to sweeten the pot during a sale.

Meaning its on path for gentrification and increased rents for the foreseeable future.

Personally, I’ve been exploring opportunities where growth patterns and infrastructure expansion hint at future value increases.

You could have your insurance cancelled but more likely you're going to see a rate increase.