Sinkholes
Since this is a first I hope I am doing it correctly.
Sinkholes and lightening rods are like apples and oranges. Totally different. Unlike lightening strikes sinkholes have become such a major problem throughout the state of Florida that insurance companies treat coverage for them as they do for hurricanes. The general rules of the policy do not cover them. Separate deductables are applied and can be as high as 30% coinsurance.
Peope I know living on the west coast of Florida never had a sinkhole problem. Last November they woke up to discover 2 sinkleholes affecting their house. They were very lucky they were covered up to $260,000 for damage. The cost of fixing those 2 holes is $200,000. Neighbors of theirs were not so lucky and in some cases the homeowners only option was to take what they could get from the insurance company and walk away from their home. Insurance companies in Florida are trying very hard not to write sinkhole coverage so if you have it keep it especially for $200 and hope that you can get it again in the future without getting hit with a huge deductable.
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