Quote:
Originally Posted by Advogado
This thread is entitled "tv sinkholes", but the sinkhole problem and unavailability of insurance are not unique to The Villages.
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Florida's insurance law changed effective 1/1/2013 which makes getting "sinkhole" coverage almost impossible ANYWHERE in Florida. Yes..there are exceptions just like buying a brandy-new home in TV, but many who were "grandfathered" are finding that either their carrier will not renew their coverage when it comes due or that the carrier has applied a VERY significant deductible if you want to renew.
If you are a NEW Florida home-buyer and you are buying a resale home you have about as much chance of getting it as John Glenn has of going on another space mission.
It is also worth repeating that "sinkhole" and "Catastrophic Ground Collapse" insurance are NOT the same thing. ALL Florida HO policies are REQUIRED to provide Catastrophic Ground Collapse riders.