Remember that there is a huge difference between a sinkhole and the event that captures the media attention called "catastrophic ground collapse".
The sinkhole is a gradual sinking of an area and can be devastating to your house but is a very gradual sinking. Insurance is difficult to get on sinkhole coverage because people were making claims on their house just setteling.
The catastrophic ground collapse is the sudden opening of a large hole and could be many feet deep. These are the ones that swallow a car or something. All Florida homeowners policies cover for those events.
Check with Sandy Manion at Villages Insurance. She is very good at explaining all coverages and exactly what they mean.
As for buying a new home in The Villages, you cannot ask for contingencies or negotiate the price. Check out resale homes!! Lower bond, negotians are possible, add-ons already in place, mature landscapes, and no surprises at what be built close to you.
|