Quote:
Originally Posted by VillagesFlorida
Are you saying that you were informed that sinkhole coverage is no longer available in Sumter County? We are in the process of switching insurance companies and we are able to get sinkhole coverage. We live in Sumter County. I was told that very few insurance companies will insure for sinkhole loss.
|
VF, I think we're basically saying the same thing. I was also told that very few insurance companies will insure for sinkhole loss, unless you are an existing customer. My Insurance Broker said we're better to stay with our existing company and pay the larger premium because it is very difficult to get sinkhole insurance for newbies. Of course this applies only to the companies with whom our Broker deals.
I'm sure it can't be impossible to get Sinkhole Coverage in Sumter County for newbies. Otherwise, how would they be selling a multitude of new homes? Also, in the case of purchasers requiring a mortgage, I'd think mortgage companies would require Sinkhole Coverage.