Talk of The Villages Florida - View Single Post - What Happens To Property Values in Neighborhoods Near Sinkhole Activity?
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Old 04-23-2014, 09:39 AM
justjim justjim is offline
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Insurance is certainly an issue with sinkholes. Most have a substantial investment in their homes and insurance companies can be difficult to deal with.

I feel really bad for those dealing with sinkholes in TV right now. They could use our concerns and our prayers.

Where I was raised we had "mine subsidence", another form of sinkhole. The school I went to had to be closed due to mine subsidence. The so called "experts" said it was ok to build back in the same place and guess what? It fell in again!

Lawsuits were filed and it was several years before it was settled. The school was finally built on property about a mile or so away.

Now, would be a good time to check insurance policies. Maybe there needs to be some legislation passed regarding insurance and sinkholes. Something to research.
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