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Originally Posted by John_W
In insurance terms it's called a 'catastrophic ground collapse' and in 2007 Florida passed a law that all homeowners insurance policies in Florida are required to include it. Sink Hole coverage is not mandatory but must be offered. However, it covers different problems, not the one we are referring to. Sink hole coverage is more for a gradual happening such as settling and cracks in the foundation. The sudden opening of the earth is covered by the Catastrophic coverage, which we all have in our policy.
Florida Sinkhole Insurance Facts | Earth Tech |
The sinkhole we are talking about is NOT a catastrophic ground collapse yet because the houses haven't been condemned unless something new has happened...I didn't watch the news yet. If the hole doesn't expand and the engineers decide it can be filled with that special cement then the homeowners would have to foot the bill unless they have SINKHOLE coverage. However, your link says sinkhole damage must include damage to the foundation. I just know that a house has to be condemned in order to qualify for the catastrophic coverage.