State Farm took such a huge loss when Andrew hit in '92 that they quit writing HO policies in Florida. After 15 yrs with out a Catastrophic Hurricane they just started writing policies again. We bought our home in 2014 and they did not offer HO in Fla at that time. Let's see how long they continue to write HO now after Irma.
Catastrophic Ground Cover Collapse is available now with out any extra fees. But it only pays if your home is condemned.
When we bought in 2014 Sink Hole Coverage was available at a reasonable price. When we renewed it was only available if you had it the previous year, so we have maintained our Sink Home Coverage.
It now is available to new policy owners at a much higher fee. But since we had it, we are keeping it. The odds of a sink hole developing in your yard is slim. But it if happens to you, it's a serious issue with lots of expenses. They bring in heavy equipment and pump the ground full of a slurry of concrete to protect your foundation and support the ground. Very pricey!
Nothing good about sink holes!
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