Talk of The Villages Florida - View Single Post - Homeowners' Insurance:
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Old 07-27-2020, 07:36 AM
retiredguy123 retiredguy123 is offline
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Quote:
Originally Posted by Bjeanj View Post
Our homeowners policy covers catastrophic sinkholes. We found out that if we want the other type, we would have to pay half the cost of an inspection prior to obtaining the other sinkhole insurance. Well, we don’t know what that cost would be, nor did Villages Insurance. Then, if we got approved, we don’t know what this coverage would cost.

So, we’re in the process of mulling this over.
I understand that, if you don't have the optional sinkhole coverage, your house will need to be condemned by the Government (county?) before the basic catastrophic coverage will pay for the damage to your house.