There are risks everywhere... Earthquakes in California, floods in river zones, wildfires out West, hurricanes in FL, LA, and TX, and yes sinkholes in FL.
As Jimbo pointed out, your basic homeowners covers catastrophic ground collapse, so, if your home is uninhabitable, you are covered.
If a sinkhole occurs on your land but is not significant enough to make the house unlivable, then sinkhole insurance covers you. Without it, you have to make any necessary repairs on your own.
It's all calculated risks and what keeps you from sleeping at night.
__________________
Maryland (DC Suburbs) - first 51 years 
The Villages - next 51 years 
|