Talk of The Villages Florida - View Single Post - Sink hole insurance
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Old 08-06-2012, 10:19 AM
jnieman jnieman is offline
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Quote:
Originally Posted by glgene View Post
Don't quite understand why "new" homes would still qualify for sinkhole ins. coverage, but not "resales." What is the logic for different treatment? I would think new homes would be more vulnerable...but I'm not an expert <g>.

Gene
If you click on the link on my earlier post it will solve lots of your questions. There is a huge article in the POA bulletin and it has a question and answer session. Not sure about why they will insure new builds. I worked for an insurance company up until about a month ago. Part of my job was fielding questions about sinkhole insurance. There is so much speculation out there about why they insure this and not that. I found the article in the POA bulletin to be right on with every answer.