[ilovetv]

Originally Posted by janmcn

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.

Not every area or community of the country participates in the federal flood insurance program:

DHS FEMA NFIP Services - eWaterwark

To be compliant with the NFIP, a community must adopt and enforce minimum floodplain management requirements within the SFHAs of the community. These requirements are designed to prevent new and substantially damaged or substantially improved existing development from increasing the flood damage potential and to protect development from future flooding.

FEMA urges all eligible communities to take the necessary steps to join the NFIP so that:

Property owners and renters may be approved for Federal disaster assistance;

Property owners and renters may obtain federally backed flood insurance; and

Future development in SFHAs is regulated to reduce the impacts of the devastating effects of flood disasters.