Quote:
Originally Posted by jabacon6669
Everyone should understand the difference between SH (sink hole) and CLC (Catastrophic land collapse) Everyones policy has CLC. This is when the land collapses causing damage to the property or house. SH coverage has the same thing happen, and as someone mentioned it swallows your home. Not True, it also might only cause some property or home damage. SH coverage is optional. Some are saying on this blog it is no longer offered by any company any more. I don't know if that is true. Here's the difference, it's in the cause of the collapse. In both cases, the State, in this case FL sends out an inspection team, and if they determine that the cause of the land collapse is the result of a limestone formation under the earths surface then its a SH. I assume they have to do some boring, if you don't have SH coverage, you getting nothing from your insurance company, and you can't argue or negotiate, the state makes the final determination. If it's not determined to be limestone then you will get coverage under the CLC clause. About two years ago I had purchased insurance through TV insurance agency, they wrote my policy with one of the companies mentioned in this forum. It had a 10% property value deduction, which would have amount to 30,000 to 40,000k deductible. And it went up drastically the second year. Too, about $2700/ yr. I switched to State Farm they included SH, and the deducible was $1000 on all line items that had deductibles. It was about $2200/yr last year and only went up a few dollars this year. Kelly Mast is the State Farm agency on Warm Springs ave. Check it out, I'd be interested if they still offer SH coverage. Hope this helps, Regards.
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Your information does not seem to track with this explanation from Harry Levine Insurance. Also, both sinkhole insurance and catastrophic ground collapse insurance only cover the house, not the surrounding property:
"Catastrophic Ground Cover Collapse
Catastrophic ground cover collapse coverage is included under your existing home insurance policy.
However, your claim must meet four requirements before your insurance company will reimburse you for the loss:
1. The abrupt collapse of the ground cover;
2. A depression in the ground cover clearly visible to the naked eye;
3. ,Structural damage to the insured building, including the foundation; and
4. The insured structure being condemned and ordered to be vacated by the governmental agency authorized by law to issue such an order for that structure.
Again, all four of these conditions must be met for it to be considered catastrophic ground collapse. Incidents that meet only some of these conditions would require a sinkhole insurance policy."