[villages07]

I am coming up on my 2nd anniversary owning here. I got my homeowners insurance renewal notice from Travelers. This year, they have dropped sinkhole coverage as a standard insured item. If you want it, you have to pay for it as an extra coverage.

The coverage costs $102/year (on top of current full premium of about $800 per year). It contains a 10% deductible....so, if your house is insured for $300K, you have to pay the first $30K of damage.

To my knowledge, there have been no sinkhole problems in my area just south of Sumter Landing. The ground is flat and stable and no water sources nearby (no, I haven't really done research on what makes something prone to sinkholes).

I'm leaning towards not signing up for this new optional coverage. But, I am interested in hearing from others who have faced this same decision and understanding why you made the choice that you did.

Thanks.