Quote:
Originally Posted by Quickdraw
Because of financial losses carriers suffered because of paying out sinkhole claims, they now mostly offer catastrophic ground collapse coverage, which is NOT sinkhole coverage. Some still offer real sinkhole coverage, but it is costly. You didn't say whether Progressive would pay for the inspection cost, but if they want you to pay for it, that is a deal killer, because you will not pass the inspection anyway virtually no one ever does.
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Sinkhole insurance that is currently offered by agencies here in The Villages will not cover sinkhole damage if the sinkhole is visible in your yard (or under your driveway) but does not cause damage to your home.
You have to ask the Insurance agent to show you the sheet of written details listing the 4 or 5 requirements that must be met before they will pay for fixing sinkhole damage. The agency has those lists (sent to them by the Insurance Companies) - the local agents will not normally show these lists to you unless you ask and pressure them to see them. That is what I discovered in mid 2017 after going to 3 agencies here! This problem has been with us since the State of Florida made changes to its insurance law in about 2012. The Developer should cover this, because he did not disclose this to us when we bought.