Quote:
Originally Posted by jrref
This is correct BUT regular sink hole insurance covers where the house is settling and is still livable. Many people believe regular sink hole insurance covers collapses in their lawn, driveway, back yard, etc,. but it does not. Regular sink hole insurance that you pay for only covers settlement under any living area.
In reality, based on recent sink holes here in The Villages where homes were affected, the homes met the conditions for catastrophic ground collapse and was covered under the main insurance. This was the case recently where a sink hole developed on Nancy Lopez golf course. The affected home had no visible evidence to the naked eye by the newspapers and neighbors but the state declared it catastrophic.
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Correct. I have said that on this thread. There is a myth that sinkhole insurance covers the driveway and other property. I think this myth has been propagated by misinformed insurance agents. People who buy a sinkhole rider, should print out the rider and read it for themselves. Don't believe everything the "agent" tells you. The insurance company will not stand behind anything that is not stated in the policy documents.