Quote:
Originally Posted by gego3650
I called my insurance company in reference to sink hole coverage. If the house falls in the hole the answer is covered. Complete coverage requied a physical inspection and sink hole will be denied if there is a concrete crack anywhere. The agent told me to forget it a most homes will not pass. Who does not have a driveway crack. That will deny additional coverage.
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If I were you, I would check with another insurance company. The house-falls-in-the-hole scenario is covered by the mandatory "catastrophic-ground-collapse" provision. Sinkhole coverage is optional. I have it in my policy, and I am sure that a lot of Villagers have it too.
Of course, you could reasonably decide to run the sinkhole risk and not buy coverage. Here is the link to the Florida Department of Financial Services summary of the matter, which I previously posted.
Sinkholes and Catastrophic Ground Collapse