Capt John
See post #35 in this thread... The distinction between Sinkhole Loss and Catastrophic Ground Collapse is very significant. Everyone in this area should have SINKHOLE LOSS not just Catastrophic Ground Collapse.
Also PLEASE check your policy for there are 2 types of SINKHOLE coverage and its all about how they are defined. 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)Repairing the foundation of your home can easily cost you tens of thousands of dollars to fix it right and possibly in the 6 figures.
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.
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