Quote:
Originally Posted by rubicon
bill n brillo first thank you so much for the information. My insurer also waived inspection of our property. Perhaps its to your advantage that they did the inspection. It at least would imply that they were satisified that there was little risk for such a loss; otheriwse they would not have insured it.
And secondly places you in a better position God forbid if you were faced with such a loss you could remeind them that they inspected and tested what they insured.
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Initially, I wasn't tickled to hear about the requirement for the inspection, especially since they said I'd have to ante up a one-time $70 fee, half the cost (the insurance co. picked up the other half). But after thinking it through a bit, I concluded that, along the lines of what you stated, not only would it help eliminate any finger-pointing exercise if there was the claim of a future sinkhole problem but it will be an additional resale tool if and when we ever opt to sell the place in the future. I received a report outlining the inspection and the results from SDII, the company that did it, so that'll be handy to hang on to. Small price to pay, in my mind, for a little bit of extra peace of mind.
Bill