Quote:
Originally Posted by hollyrich2
Like all insurance, the coverage you choose must meet your individual needs. I’m an insurance agent and we do not have a carrier that will offer sinkhole coverage. It’s very costly and if a carrier offers it they require you to pay for an inspection with no guarantee of coverage. It’s been my experience no one is approved. Catastrophic ground collapse is included in every homeowner policy. If you’d like a quote without this coverage, please contact me 954-437-9220 ext. 308 or email hrichardson4@allstate.com. We’re an award winning Allstate Agency. I can provide quotes from several Allstate partners and have helped many people save money in The Villages. Thank you, Holly Richardson. |
Regarding your statement that sinkhole coverage is very costly, I have sinkhole coverage on my Progressive homeowner's policy. The total annual premium is $1,202. The sinkhole portion of the premium is $138, or about 11 percent of the total premium. The deductible is $26,900, which is 10 percent of the dwelling value. Note that I have had sinkhole coverage since the house was new, and I have never been required to get an inspection.