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Originally Posted by Retiring
John, I’m taking notes. I will look at that area on my next visit, since I’m leaving in the morning. My concern is comprehensive sinkhole insurance on a resale. I’ll know more today when I talk to TV Insurance. Ultimately I’ll have to stay around $850k, which eliminates anything with a 9-car garage.
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I would not let sinkhole insurance coverage drive my purchase decision. ALL homeowner policies in Florida have catastrophic collapse insurance, which covers sinkholes that threaten the house. It goes into effect once a house is deemed uninhabitable/unsafe. The "sinkhole" insurance covers sinkholes that appear on your lot, but does not affect home safety. At least, this is my understanding.