Talk of The Villages Florida - View Single Post - Sink Hole insurance denied to re-sale buyers
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Old 04-11-2013, 06:27 PM
Mack184 Mack184 is offline
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Quote:
Originally Posted by 784caroline View Post
To clarify (I hope), Gracie is talking about sinkhole insurance related to gradual damage associated with sinkhole acitivty......NOT catistrophic sinkhole coverage which every policy in Florida should have.
Yes, she is. Also to the poster who said that the state needed to be involved, the state legislature is responsible for this when they passed insurance "reform" in the fall of 2011 which then took effect on 1/1/2012. Even NEW builds are effected depending on where you live and who your insurance carrier is. This is NOT a rumor, it is the truth. Your insurance agent can educate you about this, and you SHOULD get educated on these new laws.
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