Talk of The Villages Florida - View Single Post - Sinkhole Insurance?
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Old 06-14-2024, 06:26 PM
retiredguy123 retiredguy123 is offline
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Quote:
Originally Posted by Rainger99 View Post
Do you have the name of the company?

Does anyone have any idea what Sinkhole remediation would cost (not Catastrophic Ground Collapse). I have a deductible of $32,000 which seems like it would pay for fixing most sinkholes. My foundation is a slab of concrete.

In addition, most insurance companies require an inspection before they issue sinkhole coverage. If you pass inspection, you can get coverage and if you don't pass, you can't get coverage.

It would seem to me that if you can get coverage, there must be very little risk that you will have sinkhole damage. And if you can't get coverage, there is probably a much higher chance of having sinkhole damage.
Note that, if you have sinkhole insurance coverage, it will only kick in if you have foundation damage to your house. In that case, pumping concrete slurry into the sinkhole will not repair the foundation damage or any other damage to your house.