Quote:
Originally Posted by Opulence
My belief is not based on speculation or conjecture. This issue is of major concern to me. I have no axe to grind.
How Much Will a Sinkhole Affect My Home's Value? | eHow.com
Please take note of the information provided under the heading "Considerations" in the above link.
Considerations
Even when insurance companies extend coverage to properties prone to sinkholes; they have the option to deny coverage to a property owner purchasing a home within a one-mile radius of a sinkhole. Before buying a home, inspect the neighborhood and surrounding areas for signs of sinkholes, and inquire about the current presence of sinkholes with your real estate professional. Always get a homeowner's insurance quote and an additional sink hole coverage quote in areas prone to sinkholes before making an offer to purchase, in order to factor this additional cost into your monthly payment.
Betty |
Thanks, your "i believe" was based on an internet article.