It wasn't two years ago as I got a quote from State Farm showing otherwise for the optional sink hole coverage. We wound up not using them because of the significantly higher cost over who we selected.
627.706 Sinkhole insurance; catastrophic ground cover collapse; definitions.—
(1)(a) Every insurer authorized to transact property insurance in this state must provide coverage for a catastrophic ground cover collapse.
(b)
The insurer shall make available, for an appropriate additional premium, coverage for sinkhole losses on any structure, including the contents of personal property contained therein, to the extent provided in the form to which the coverage attaches. The insurer may require an inspection of the property before issuance of sinkhole loss coverage. A policy for residential property insurance may include a deductible amount applicable to sinkhole losses equal to 1 percent, 2 percent, 5 percent, or 10 percent of the policy dwelling limits, with appropriate premium discounts offered with each deductible amount.
Quote:
Originally Posted by villagetinker
My understanding, per FL state law, the deductible is 10% of the value of the home.
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