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Old 06-01-2012, 09:43 AM
rubicon rubicon is offline
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Central florida is located directly over the water aquifer and due to unseasonable dry seasons causes underground gaps and hence eventual sinkholes. In the Tampa area insurance companies experienced an increase of sinkhole claims many of which were in dispute. additionally many homeowners were paid enormous amounts but failed to effect repairs.
subsequently insurance companies began to change their policies.

I am with a major carrier and I had to buy back my sinkhole coverage. However they did provide at no additional cost catastrophic coverage...meaning the damage had to be abrupt, visible, caused damage to the structure and caused the home to be uninhabitable. I don't like the idea of paying more but then people living in Central florida have the exposure

As a side bar while down trees are not covered an insurance company will pay to drop a tree to the ground that was laying on a house in order to inspect damage which is covered.