Quote:
Originally Posted by Nancy D.
I am told by several insurance companies that we deal with that you can get "catastrophic ground collapse" coverage. They don't call it sinkhole coverage anymore because people kept filing claims for step cracking on concrete block, which occurs in normal settling. So
most insurances companies, if not all, say "we don't have sink hole coverage, we have catastrophic ground collapse coverage." We use several great insurance companies who can help you with answers to the rest of your questions. Pleae let me know if you need some contact info for them.
|
Catastrophic ground collapse insurance is not exactly the same as sinkhole insurance. Your home must be uninhabitable for the catastropic ground collapse insurance to kick in that means you have to lose your certificate of occupancy. If your driveway sinks or your yard or even if you get cracks and sinking in your foundation as long as you can live in it it's not covered without regular sinkhole insurance.