Talk of The Villages Florida - View Single Post - What Happens To Property Values in Neighborhoods Near Sinkhole Activity?
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Old 04-24-2014, 09:10 AM
jaimeG jaimeG is offline
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I am sure the value of the home near the sinkhole in TV is affected. How would you feel if you had to make that claim against your insurance. Once you make that claim to them, you are going to be uninsurable to 99% of the company's in Florida. That's why when you make a claim for that you want it to be for the worst case. Even if you make a claim on the sinkhole coverage and its not for a total loss, you will still face the same situation. That is why the extra for sinkhole coverage might not be worth it. Because you want to do what ever you can not report a claim, like I said unless its worse case. Once you do it hurts your chances at getting home coverage in the future and also anyone who ever buys the house too. That will drop the value