Quote:
Originally Posted by shcisamax
Russ: Are you basing that on a fact, something you know, or just commenting?
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I can't remember which thread(s) or where I read this but it was posted that sinkhole insurance in some new developements will not be available. ALso in FLa papers. Bill might have the links he is the good at that!
Fla legistation is at this moment working on this. Coverage once mandated has expired from the law.
It goes back to.
1: a non established record of activitity in the new developed areas.
2: insurance companies wanting to gouge and or ignore the homeowners
3: a past history of sink hole fraud in certain parts of FLA
The best advise I have is for all who are building new in TV to get to you insurance agent and get the facts straight from them. You can also spend under 500 and have professional companies test your land.
I do know for a fact that there are no multiple sinkhole carriers competeing for your business. This drives the price up and up!
When there is a tract record of few claims in five years or so the rates may remain the same and not go up much. IMHO
Russ has done his homework I agree with him.
We were very very lucky and got our insurance just under the gun.