Quote:
Originally Posted by Advogado
Apparently, it is now next to impossible to get sinkhole coverage in The Villages when you purchase a preowned home, but I understand that you can still get it, with a large deductible (10% of the dwelling value) on new homes. Many of us are grandfathered into existing policies, but our deductible has been raised to the 10% level. Who knows how much longer even this coverage will contine to be available. This subject is something to think about when you decide how much you want to invest in a home.
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This allows people to think that the difficulty in getting sinkhole insurance is limited to The Villages, when in truth the difficulty is state wide. As you can see here this law firm refers to two other counties and it is because the insurance industry has been overwhelmed with a lot of claims, some of them for real damage so that sinkhole insurance is now as scarce as hen's teeth..
The Saga of Sinkhole Insurance in Florida - Law Firm Williams Law Association, P.A. Attorneys Tampa, Florida