Talk of The Villages Florida - View Single Post - Sink Hole insurance denied to re-sale buyers
View Single Post
 
Old 04-11-2013, 06:25 PM
gustavo gustavo is offline
Senior Member
Join Date: Aug 2010
Posts: 304
Thanks: 0
Thanked 2 Times in 2 Posts
Default

Quote:
Originally Posted by sirknor View Post
My agent told me sinkhole insurance is available only to the original owner. I have it. But if i cancel it i don't think i can get it back.
I had sinkhole coverage for two years as a new owner. My renewal this year will not include the sinkhole coverage. It cost $138/yr but there was a $40,000 deductible, so all being said, I don't need or want the coverage as I'm sure I can fix minor problems related to sinkholes with $40k and if its more than that the catastrophic ground collapse coverage will probably cover the damage.