Quote:
Originally Posted by OldDave
I've only been on here less than a week and only started thinking of moving to the Villages a bit before that. (We hope to move in summer of 2013.) I was already afraid of hurricanes, and terrified of gators. NOW it's sink holes. I appreciate all of the posts on this thread. I am puzzled about however, that only one person mentioned Citizens Property Insurance Corp. I've read this several places. This appears to be a state run agency that does provide Sink Hole coverage. (and I agree from my reading that everyone with home owners is covered for the complete eating of your house..or actually just making it unliveable.
Is there a reason no one seems to use Citizens? Is it not a good deal? Does it also cover hurricane damage? Perhaps this isn't the right thread, but is hurricane damage covered my normal homeowners in Florida, do you need something else? Do you need the federal flood insurance?
Sure appreciate any help, and I've really enjoyed meettingfolks on this site. Very friendly, helpful, and some of you are very funny...which I really enjoy.
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Citizens Insurance is the state run insurance of last resort only available to people who have no other options. From what I read on this forum, there is still property insurance available through private companies in The Villages. All the major insurance companies pulled out of the coastal counties in the past several years. When and if this happens in TV, your only option is Citizens. Citizens provides all the same coverage as normal homeowners; ie hurricane, sink hole, etc. for about the same price. Hopes this helps answer your questions.