Quote:
Originally Posted by CSwofford147@comcast.net
At October 21, 2015 Welcome Wednesday meeting District Manger Janet Tutt stated on the record that no one had ever been denied property insurance ie comprehensive sinkhole insurance based on the location of the property. That would mean having home rated using the Sinkhole index of 0 to 800 with 800 most impacted by proximity to sinkhole activity. I received a letter denying me insurance based solely on the location of my home. I would like to know any other Villagers experiences concerning this statement that no one has ever been denied insurance based on the location of there home.
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The OP said Tutt referred to property insurance ie comprehensive sinkhole insurance which appears entirely different from catastrophic sinkhole. So I am not certain of what coverage Tutt was referencing?
The problem arising over sinkhole insurance began in the Tampa area because policyholders were claiming sinkhole damage to get around an exclusion pertaining to cracking, etc that results from the normal settling of homes. And many of those homeowners who did collect never repaired their homes.
These racketeer insurance companies trying to be prudent and responsible spenders of funds had no choice and in an attempt to eliminating both legitimate disputes and specious claims being made by some homeowners had to further define their policies to ensure that sinkhole was a sinkhole because it was a better solution and the coverage was sinkhole and not settling and cracking coverage. Some companies refused to write the coverage, some wrote only catastrophic coverage and some wrote a comprehensive coverage provided you had your property inspected and paid additional premium.
Now if we could get the government to be as aggressive concerning fraud and abuse of government programs perhaps our tax obligation could be lowered
As what Tutt's intentions and message ... it appears she is passing along a message from the Villages Of Lake Sumter Inc that the home lots in TV are very viable and safe. However, my friend is a retired insurance agent who sold all lines of insurance mentioned to me that he could no get any type of sinkhole coverage when he moved from one home to a second here in The Village. I am not certain if he resolved that problem but it is a question on my mind now. I believe I'll e-mail him