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Originally Posted by CarGuys
Thanks Bill, Your a good mentor and a " Go to Resource"
I did exactly what you recommend. Like you we went to our agent and we were lucky with getting our policies. In fact I had several close friends in Tamarind work with me also.
My Post was for all the new or soon to purchase buyers reading. I believe that we are not starting panic but as per the TOTV I feel it is a nice gesture to give people a heads up.
Some attack that we are starting a panic. I was shocked to find out how close we came to NOT getting coverage or a huge deductible.
As you most correctly stated. You and I both found that a call to your agent is priceless.
I would someday hope like a used home inspection a new lot would have the requirement to provide sinkhole inspection to give those peace of mind.
Good companies with technology of ground sonar and test drilling can determine a yea! or nay!
I am afraid that these rates are going to climb unless Fla law restores insurance sinkhole reasonable coverage.
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Everyone thinking of purchasing in The Villages would understand your gesture of giving people a "heads up". It's not panic to educate oneself about potential problems. The old adage........."Buyer Beware" still holds true.
Also, as far as another thought , by others, that maybe those who did encounter a lot with sinkhole "issues" would just give it back to the bank.
Well, not everyone takes out a mortgage. I would think most would use the profits from their earlier home to buy the new home or lot/property and without the sinkhole insurance in their Homeowners Policy....would be totally devastated.
I was just surprised to see our HO policy up here in Vermont rise in cost as well as the insurance agency offer us a $5,000 deductible to save $100 a year. This on the heels of the devastating Vermont floods (two last year, in June and August).............Mother Nature is unpredictable all over lately.