Talk of The Villages Florida - View Single Post - Sink Hole Problems?
View Single Post
 
Old 12-04-2011, 12:26 PM
784caroline 784caroline is offline
Soaring Eagle member
Join Date: Jul 2007
Posts: 2,436
Thanks: 0
Thanked 6 Times in 6 Posts
Default

They can easily do a "record" check of homes around the home. Most if not all insurance companies enter a data base of certain types of claims they paid out and the dollar amount. If there was sinkhole claim paid on your street, neighborhood or zip code they would know.

Also PLEASE check your policy for there are 2 types of SINKHOLE coverage and they are vastly different in both coverage and cost.

SINKHOLE LOSS....Gradual settlement or weaking of the earth supporting your property including structural damage to the building or foundation caused by gradual settlement. (THIS is the most common form of sinkhole loss in The VIllages and is the most expensive)

CATASTROPHIC Ground Cover Collapse....THis is also known as sinkhole insurance but it is the "ABRUPT" collapse of ground cover that requires a structure to be condemed and ordered to be vacated by government authorities. This does happen in The Villages but not as frequent as a gradual settlement.