Talk of The Villages Florida - View Single Post - Sink Hole insurance denied to re-sale buyers
View Single Post
 
Old 04-11-2013, 06:28 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 thomas47 View Post
.... The story goes you hire an engineering firm who comes out and examines the interior and exterior of your home. All ok go to step 2. Step 2 they then look at a 3 or 5 mile radius of your home and determine if there has been any suspect activity ( such as St. James Village) at this step 99.9% of sink hole applicants are denied insurance for there pre-owned homes. ...
My insurance co told me the cost of the inspection was $140, they would pay half. I decided I don't need sinkhole coverage with a $40k deductible.