Talk of The Villages Florida - View Single Post - Sink Hole insurance coverage?
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Old 05-12-2012, 07:52 AM
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billethkid billethkid is offline
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Default Sink Hole insurance coverage?

Several of our neighbors have noted upon renewal of their home owners insurance the sink hole supplement was not available to renew.

Others who have insurance thru TV insurance were told those under writers they have are also not renewing when the policy comes due. And added that if someone came in the front door today they have NO companies available that will write for sink hole coverage.

Apparently as long as there are sink incidents within a certain distance one cannot get coverage.

As I understand it if your home is involved in a sink hole and is no longer livable or "destroyed" most insurance will cover the loss as a natural disaster. However if the home is damaged and still liveable then you are responsible for the repairs, INCLUDING the repair of the sink hole.

Given most providers still will write a rider for hurricane coverage and now NOT for sink holes....what kind of message does that send?
I also understand there is an inspection or test that can be performed to check for sink hole potential.

In one respect one would think the sink hole potential is a function of the tons and tons of sand used to fill in certain areas for leveling before construction.

More home work to be done to understand it all and one's rights in the event of an incident.

Anybody with any additional information please share with us.

btk