Quote:
Originally Posted by jrref
Doesn't the very low cost tell you something? It says there is an extreemly low risk to the insurance company or the premium would be way higher. In your case the $138 is good for peace of mind but otherewise it's probably a waste of money unless you know for sure you are living in an area that is prone to sink holes.
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I agree, but I also pay about $240 per year for collision and comprehensive coverage on my car that is only worth $10,000. I would probably drop that coverage before I dropped the sinkhole coverage. But, unlike many people, I always evaluate the cost of insurance, and, if I think it is getting too high, I will drop it. If my homeowner's insurance gets too high, I will cancel it and self-insure my house.