Quote:
Originally Posted by tommy steam
With so many new and pre owned homes in the villages why would you choose one that had sink hole repair. My thoughts were that the ground under it was probably more stable after the repair, but if you had to sell the home it might be difficult. I don't want to gamble with 300k.
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If the home is sold, it will most likely be uninsurable with any normal Florida insurance carrier. Which means the insurer of last resort..Citizens Property Insurance of Florida run by the state, which is like buying car insurance after you've been convicted of a DWI. It's E-X-P-E-N-S-I-V-E!!
When we first looked at homes down here our agent at Villages Insurance told us to have her check each home we wanted BEFORE we got really interested because if a home EVER had any sort of sink hole claim, normal insurers won't touch it.