I was Denied
We are in the process of moving to TV (close on our home next week). The first house we put a deposit on (Calamut Grove) was denied by my insurance company, Amica, who I have worked with for over 35 years. They typically do not insure homes in Florida, but they make exceptions for long-term customers. However the first house was within .3 miles of a sinkhole and they would not insure it. I actually passed on two more houses after checking with my insurance company - they had the latest map - and the homes were also within .3 to sink holes. We did find a lovely place in Village of Dunedin where closest sink hole was 1.5 miles away. It wasn't only about insurance, w also used the ability to get insurance as a way to mange overall risk (who wants the risk of a sink hole in Central Florida - where they are almost as plentiful as golf carts). We are happy we stayed with Amica and they gave us a big discount once we had a wind mitigation report done when the house was inspected pre-sale (saved over $600 a year with a $75 inspection report). I think real estate salespeople should be more aware of the sinkhole risks and locations to help a buyer and seller understand the risks going-in.
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