I had conversation with my insurance agent yesterday on this very subject. I am with a major insurance carrier. In addition to raising my premiums some $2,000 the last two renewal periods they now tell me that upon renewal I will only have Catasrophic coverage menaing that the sink hole must be visible it must have caused damaged to the house and the house must be condemned before they will pay. However for additional sink hole coverage at additional cost I can buy it back. To add insult to injury I must contact their contractor and pay them $23 to come out to my home and proved to them I don't already have a sink hole.
The agent atempted to give me I am sorry but we are paying out millions of dollars in Florida........Meanwhile other than property losses in Florida this national company is making millions upon millions in all other lines of insurance.
By the way you can thank our governor because he gave insurance company the green light for all of this.
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