About 10 years ago a sinkhole emptied all of the water from a large pond on the Briarwood executive course. Because the deeds of the facing residents said they had waterfront property, The Villages was required to fill the sinkhole and line the pond with plastic before refilling it. It happened again and was repaired again. The pond has remained stable since the second repair. My understanding is that deeds no longer carry the "waterfront property" designation. Since then there have been at least two Villages homes I am aware of which have sustained minor damage. One damaged some lawn and a patio. The other did some wall damage. Neither incident was considered very serious, and I doubt the homeowners got much help for the problems even if they had sinkhole insurance. If you can find a company to write a policy the deductibles are high. If a home is declared a total loss, I believe it is state law that full insurance coverage must apply.
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