You defintiely should have both. I personally know of houses that had "Sinkhole" damage and the insurance company ended up paying the total value of the policy so if you have damage related to "Sinkhole activity" it can be very expensive to fix. What happened in the case I know of, the insurance comapny paid of the home owner policy value (no land) and then the sinkhole repair company bought the house for just over the value of the land and is using it as a rental property. ...so the original owner moved and came out probably better than 100%. This is not uncommon as to how it all ends up.
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