You never need insurance until its too late and then we all need it. Only you can determine what your risk level is with or without this type of insurance. Sinkhole insurance, the one thats going to cost you $350 with a 10% deductible, alot of people wish they could get that but they cant. Its all peace of mind, and you are right, the chance you will need it are remote BUT if you ever do need it it can be very costly to repair. Even with gradual sinkhole activity ...by that I mean your house has NOT been condemed, but you do have some significant settlement or cracks...the cost of repair can nearly equal the cost to rebuild. and I know of 2 cases where the insurance company simply wrote them a check for the full amount of the house policy...but would not insure them again.
QUESTION: Is your insurance company requiring an inspection prior to writing this coverage?
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