[Bill-n-Brillo]

Originally Posted by Bill-n-Brillo

Just an FYI for everyone: I got a phone call a bit ago from the insurance agency we've dealt with in regards to our upcoming homeowners policy renewal with Security First. It was a courtesy call to let us know that when our policy renews in mid-December, it will renew without the sinkhole coverage we've had for the last 3 years. The young lady said Security First will no longer be providing sinkhole coverage on any homeowners policies.

So I've got a call in to our agent to see if they can find us another company that will be able to provide us sinkhole coverage with their homeowners policy.

Bummer. Such is life sometimes!

Bill

Originally Posted by Bill-n-Brillo

Here's a bit of an update:

I contacted our agent's office this morning. The young lady who took the call seemed to contradict what I was told in the call I received yesterday (different person) - it sounds like Security First will still offer sinkhole coverage but your house will have to pass an inspection. This ties in exactly with what Buggyone posted.

The troubling part for us is that we DID have a sinkhole inspection soon after we initially got the H.O. insurance with them 3 years ago. We didn't get the sinkhole coverage initially but quickly opted for it a couple of months later - had and paid for our half of the inspection, etc. and have had the sinkhole coverage ever since. I suspect they're perhaps looking at the info from when our policy was initially put in force and not seeing the info from a couple of months later when we had the inspection done.

I e-mailed them info and documents confirming the inspection and the payment for it. They're to get in touch with me after they review the situation.

Bill

Originally Posted by Advogado

Please let us know if you can get coverage without the 10%-of-dwelling-value deductible.

Here's the latest...........and the greatest!!

I got a call yesterday from the home office of our insurance agency (Brightway Insurance) apologizing for the time it was taking to work through this sinkhole coverage issue. Her update was that they'd spoken with a representative of Security First, explained that we'd already had a sinkhole inspection a couple of years ago, and was told that Security First had tightened their standards for what was to be checked, etc. during a sinkhole inspection - they had a new form for the inspectors to fill out to coincide with their updated inspection requirements. As I was told, they're making everyone wanting sinkhole coverage to have an inspection, even if they've had one in the past. But given that our inspection was fairly recent (~2-1/2 yrs ago), they were going to run it up the flagpole to see if they'd accept it as being current enough.

Another phone call received this morning.............and Security First accepted our previous inspection and we're good-to-go for the sinkhole coverage going forward. They'll renew the policy on schedule this fall with the sinkhole coverage included.

And to Advogado's question re: the 10% deductible - my understanding is that our deductible will remain at 10%, same as they had it set last year. It had been at $1,000 with our policy with them during 2011.

Bill