Single mom reveals she's been forced to sell her dream home due to 'extreme' rise in these hidden costs

A single mother has revealed the heartbreaking reason she has been forced to sell her 'dream' home. 

Rochelle Trotter is parting way with her beloved New Orleans home after her mortgage and home insurance costs skyrocketed. 

'I feel robbed because I worked so hard to get my home,' she told WDSU News. 

Trotter's mortgage recently went up by $1,200 a month.  

'I lived in that house for ten years, and anybody who knew me would tell you when you walked to that front door it was always open,' she said. 

Rochelle Trotter is parting with her beloved home after her mortgage and home insurance costs skyrocketed

Trotter's mortgage on her New Orleans home recently went up $1,200 a month

'It was a safe haven for everybody, we laughed, we talked, we slept on the floor, we danced, we had barbecues' she recalled. 

'I was a single mother by myself, and people said I couldn't afford this house, but in spite of what they said, I fought through, and I kept my house. 

'I kept it until I couldn't keep it no more,' she said sadly. 

John Ford from the Louisiana Department of Insurance told the broadcaster that there are hundreds of thousands of other citizens facing the same hardships. 

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 no more,' she said sadly of her struggle to maintain her home

With a huge rise in premiums, Trotter is one of many faced with a hard choice

This led to a huge rise in premium costs.  

'People need places to go,' Trotter said on the ongoing insurance nightmare being inflicted on other families. 

'Homelessness is getting worse and it's really sad,' she added. 

Louisiana's insurance commissioner, Tim Temple, has announced his plan to create greater flexibility for insurers to help keep them in the state.

One such proposal is to eliminate the 'three year rule,' which bars insurers from dropping their customers if they have been with that provider for three years or more. 

Another is to allow insurance to raise rates without prior approval and more than once a year.