View Single Post
 
Old 04-03-2012, 08:50 AM
Lynnelf Lynnelf is offline
Member
Join Date: Jul 2011
Location: The Villages, FL, village of Sanibel (previously Colchester, CT and Dallas, PA)
Posts: 53
Thanks: 0
Thanked 0 Times in 0 Posts
Default

We just got our homeowner's insurance through AAA. We were told that we just made the deadline before significant changes would take place in FL regarding sinkhole insurance coverage. (We close April 12, changes take place April 15.) The change would be in the deductible for the sinkhole insurance. Presently, it is 1,000. After the 15th the deductible will increase to 10% of purchase price. (sinkhole claims only.) We still have to get an inspection of the property before they will issue the insurance so I am hoping we pass!
__________________
Grew up in Colchester, CT; lived in Shavertown/Dallas, PA; worked in Tunkhannock, PA; now residing in the Village of Sanibel