[e-flyer]

Our insurance agency said we had a bigger risk from lightening strikes than sinkholes, I'm beginning to wonder with all this recent activity. I think getting reasonable insurance rates would be the main issue in selling a house that had sinkhole remediation. You would still be covered under your main home policy for catastrophic damage where your home is deemed unsafe to live in (Fl. law), but I'm guessing based on the house past history the rates would be very high. I doubt any company would underwrite a secondary sinkhole insurance policy. Secondary policies cover issues that arise from having activity under or near the house that cause problems such as window/door sticking, cracks in foundation, walls, or slabs and you now have to pay a high deductible like 10-25% unless you are grandfathered in under an existing policy. When we bought last year, we checked out several companies and they all said if there had been a sinkhole within a mile of the home to forget about getting secondary sinkhole insurance. They said a lot of companies that previously wrote policies had stopped, kind of like hurricane policies. We also had friends tell us last year that their secondary sinkhole policy was not renewed on their five year old house (basically, the company stopped writing sinkhole policies in Fl.). I guess it's the chance we take for living in Paradise!