Talk of The Villages Florida - View Single Post - Wording in property insurance excludes sinkhole coveraage
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Old 04-23-2014, 03:50 PM
janmcn janmcn is offline
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Quote:
Originally Posted by graciegirl View Post
You can't get blood out of a turnip. You cannot have people use up the State's fund for this serious and much needed insurance for frivolous purposes and not change the laws. EVERYONE suffers when this happens. We can't keep spending spending spending and not have virtuous people cheated. I think that the legislature did the only thing it could do. We are all still covered for the very kind of terrible thing that happened in Buttonwood. But we can't get money for minor cracks and not house threatening events. Bucco explained it far better than I could. And so did the link I posted from the Tampa Bay Times. I think you were trying to politicize this issue.

Insurance companies are not using State's funds, unless you have your insurance with Citizens, which very few Villages' residents have.

People who do not have sinkhole coverage are not covered for the kind of terrible thing that happened in Buttonwood. The homes there have not been declared uninhabitable by a government official. Therefore, they would not qualify under the catastrophic ground coverage.