My opinion is that flood insurance requirements in The Villages would be limited. There are no major rivers in The Villages and the land is very flat. Area around local lakes may have some problems.
Sinkholes do happen around here and as I understand the issue, that most policies must have what is called Catastrophic coverage. This type of coverage is for activities that cause houses to be condemned and that is rare.
The type of sinkhole coverage that is sometimes not covered or that has a high premium is basically a gradual sinking. Doors, not closing properly, cracks in walls, floors, driveways, and other gradual changes. That may also be rare, but I have seen two examples in our small area. Repairs and preventative actions can be expensive and impact home values. Hard to sell a home with this problem especially since you are obligated to disclose so you could lose a lot if not covered. So, it becomes a gamble if you don't get coverage. Probability low, consequence high.
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