Quote:
Originally Posted by graciegirl
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The insurance companies have a fiduciary responsibility to protect themselves and their shareholders from waste, fraud and abuse. Since they are unable or unwilling to carry out that responsibility, they are now allowed, by the FL legislature, to punish people who never commited any fraud by not providing them with sinkhole insurance (other than the catastrophic ground coverage).
What other states have natural disasters; ie tornadoes, floods, earthquakes, fires, mudslides, etc, that are not insured?
If posters on here think it's no big deal to write out a check for $200,000 to $300,000 to cover a sinkhole in their yard, so be it. That's what the homeowners in Buttonwood would have had to do if they hadn't had sinkhole insurance.