Quote:
Originally Posted by BillyGrown
Obviously there are issues with sink holes in The Villages. Recently the resident who had to move from her Monarch Grove residence because her home was marked hazardous will be greatly inconvenienced. What does sinkhole insurance cover? We have a Progressive policy with sinkhole insurance? If we are booted out because of the dangers, will we recoup our retirement investment?
https://www.**************.com/2025/...akes-its-toll/
“A Villager has reportedly abandoned her home after sinkholes ravaged her villa community.
The home at 5986 Scardino St. in the Glenda Villas in the Village of Monarch Grove is causing consternation for the remaining neighbors, who have been riding out the sinkhole drama for nearly two years….” |
This question has been extensively talked about on this site so best to do a search.
But the short answer is, A sink hole insurance rider, the one you pay for covers settlement of your house under the living area. If you wake up one morning and see a sink hole in you front lawn or driveway, this insurance doesn't cover that. But every policy in Florida has Castrophic Ground Collapse coverage. This covers you if your home is unlivable and meets certain criteria. In almost every case here in the Villages, eventhough the home might have not passed all the criteria, it was classified as catastrophic ground collapse.
When I posted for Villagers who actually used their sink hole insurance, we never saw anyone respond.
So, can your home be affected by a sink hole? Yes, but the risk is very low and if it does happen your catastrophic ground collapse coverage most likely cover the loss.
For those who want to prove this wrong, post on how extra sink hole insurance was used by you or someone you know here in the Villages.