Quote:
Originally Posted by retiredguy123
Note that sinkhole insurance will only cover damage to your house. It will not cover damage to your yard, driveway, sidewalk, pool, or anything else outside the perimeter of your house. So, if there is a 10 foot hole in your driveway, but your house foundation is not damaged, you are not covered by either sinkhole or catastrophic ground collapse insurance.
|
Correct! Many don't understand this.
And sinkhole coverage has a
huge deductable. I believe it's a percentage of your dwelling coverage.
That said, unless you are in an area with recent occurances of sink holes, I would not waste my money. There was a case many years ago in Marion County where a home adjacent to a pond that was having sink hole problems was damaged to the point where it was condemed and the catastrophic ground collaplse covered that.
I wouldn't waste my money here in the Villages with flood insurance either unless you have a pond in your yard that can rise and flood your home.