Talk of The Villages Florida - View Single Post - Wording in property insurance excludes sinkhole coveraage
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Old 04-23-2014, 12:45 PM
Bucco Bucco is offline
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Originally Posted by janmcn View Post
It's the Florida Legislature that got us in this mess in the first place when they passed the law in 2012 allowing for this new term "catastrophic ground collapse" as opposed to the all encompassing term sinkhole. Since this law was passed, sinkhole claims have dropped by 80%, I just read in The Tampa Bay Times editorial yesterday. Guess who was behind this law?
The law is far from perfect....that I will agree with.

However, as always, we forget all of the fraud and abuse of the insurers by contractors and adjusters in the past. Folks were actually putting large additions on their homes with sinkhole payoffs from insurance companies.

It is not the best law, for sure, we continually get upset with people in lawmaking simply trying to stay ahead of the fraud, and the lawyers who are just waiting to "put it to the man" !!!


If there are other ways to stop the fraud and robbery of insurers, let us hear it. One way is be stricter with builders, but you can just imagine what that would do to home prices.

OP blames the Villages....the last post blames the state. It is the fault of those folks who think they deserve somebody elses money and the lawyers who help find the way !

I guess my major point is that the law is geared to insure the damage is actually from sinkholes and that the money paid is used to fix the sinkhole, not to put in an addition to the home.

Why we never blame the tax frauds, the welfare frauds, etc.....just beyond me. They have all our legislators running to catch up with the latest scam, and we still blame the insurers because they were scammed. They sure are not saints but why do we never call it what is is. Situations caused by people trying to beat the system.

Last edited by Bucco; 04-23-2014 at 01:00 PM. Reason: Add links