[villages07]

Originally Posted by hook line sinker

Sink hole insurance....darn glad I had it. Last April cracks and wall separation were forming in our six year new designer home. Our insurance adjuster suspected sink hole damage. He contacted a engineering firm. We finally received the complete engineers report this mid November. Unusual as it may sound, the report advised against attempting to repair (pier/grout) the structure as the cost would most likely exceed the value of the house. The insurance company quickly made the settled. Despite my effort, TV was not interested in taking back the house. Citizens got the check. I found an investor, he got a deal. Citizens got the best part of that check. Too! Six years ago The Villages caught me by hook, line, and now sinker. I would be much worse off had it not been for the insurance.

Help me understand.... In the case described above, would the homeowner be using his add on sinkhole insurance or the "included" catastrophic ground collapse coverage? I'm still trying to figure out which coverage applies where.

Also, would be interested if this poster could supply any general cost figures.... Cost to repair, value of structure, what investor paid, and what can be done with the house from this point forward? Not being nosy, just curious.

Sure wish the POA or someone with an unbiased view of sinkhole risks could explain if the Villages is more, less, or as expected when it comes to sinkhole occurrences.