[Happinow]

Originally Posted by Carla B

I talked to someone in TV who had a sinkhole claim on their designer home. Their cost out of pocket would have been $102,000. You don't have to rebuild the entire house if it's not catastrophic ground collapse. You have to stabilize the foundation by drilling tunnels and filling them and then repairing sheetrock etc. to make the house plumb again. The house required 27+ tunnels, I believe.

Re self insurance: our condo association would have been happy to self-insure but Florida law bans condos from doing that. However, I think it would be worth exploring in TV, since these are single family homes. I just looked at our condo budget and see that we pay a total of $335,000, per year which equals $840. per owner and that only takes care of the outside and the common areas. We pay another $800+ for liability and dwelling coverage which only covers the interior.

Another thought, I was wondering how the new homes in Sanibel, Fernandina etc. are getting sinkhole coverage if most companies are no longer writing in Sumter Co. Or is it that they are not writing in zip code 32162? If so, aren't the houses south of 466A in a different zip code? Just curious.

We are a new build South of 466A in Sanibel and our zip is 32163