Quote:
Originally Posted by jabacon6669
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?
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When I was shopping for sinkhole insurance, I found that many insurance salespeople were woefully uninformed about sinkhole insurance. The catastrophic ground collapse coverage is mandatory in Florida, so almost all policies are boilerplate and will cover the same thing. If you are interested in buying the optional sinkhole insurance rider, I would suggest that you get a copy of the rider and read it yourself. Mine is only a few pages long. You don't need a verbal explanation from an agent because they will most likely give you inaccurate information. Note that these "agents" are not legal agents of the company, and whatever they tell you is non-binding on them or the insurance company. The policy and the rider are the only documents that are binding on the company.