Quote:
Originally Posted by thomas47
Exactly, this house is less than 1 year old and had sink hole coverage by the original owners. Now I;m ready to close on the 17 of May and can't get coverage, Something smells
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This is not new has been going on since the Florida legislature changed the law. Also keep in mind insurance companies are in business to make money not to insure people and pay out claims. The way they make money is by insuring risk and if the risk is too high they won't insure unless forced too by law. I think the change in the law is already effecting resale to some degree, I know two people that decided not to by in TV because of this issue