Talk of The Villages Florida - View Single Post - Marion County and Sink Hole Coverage
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Old 03-07-2013, 04:24 PM
justjim justjim is offline
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Quote:
Originally Posted by Mack184 View Post
There is the difference. You've already got a policy. If you are a NEW resident buying a NEW policy in FL you've got as much chance of getting sinkhole insurance as you've got of finding a unicorn. We too went through the inspection..which is done by an independent company..NOT the insurance company. The inspector then sends the report to the insurance company which then decides if they will issue the policy or not. The bottom line is...if it's a NEW policy they are NOT going to issue you a sinkhole rider.
Sounds like we need some "political help"----time to contact your State Senator/State Representative for a change in laws to require coverage if you sell insurance in Florida. Citizens (State's coverage) insures Against Hurricanes and sounds like they might be the last resort for sinkhole coverage. We had no problem getting sinkhole coverage for our new home in Sumter County. 10% of house value as a deductible. That's a bit of an "ouch" but it is coverage.
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