Quote:
Originally Posted by villages07
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.
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One of the conditions to be covered under "catastrophic ground collapse" is the structure has to be condemed, which means you can't live in it. It sounds like from what the OP wrote he continued to live in the house so for the coverage to apply to this damage you would have to think it was under the add on "sinkhole insurance"