Quote:
Originally Posted by Rebel Pirate
STORY HIGHLIGHTS from CNN at Sinkholes: common, costly and sometimes deadly - CNN.com
Central Florida is particularly known for sinkholes
The state lies on limestone bedrock and often sees the phenomenon
Florida property owners filed 24,671 claims for sinkhole damage from 2006 to 2010
Florida sinkhole claims cost insurers $1.4 billion in that period, state Senate report says |
Well these figures say alot and explains why Florida insurers hiccuped over this coverage issue. I wonder just how many of those 24, 671 claims were actually for sink hole vis a vis normal settling and cracking which is more common? Well the catrostrophic coverage now answers that question for both the homeowner and the insurer