Quote:
Originally Posted by retiredguy123
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."
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Thanks for your response. My info is based on what I have been told from State Farm. So, I'm told that the state comes in and does a test, if it's caused by a limestone deposit below the earth. then it's a sink hole. You make no mention of this. You're just saying all 4 points must be met, whether there is limestone or not. This makes no sense. Or, the insurance companies are telling us what they want us to hear. Go figure?