Quote:
Originally Posted by Dr Winston O Boogie jr
Many communities have far more than TV. I've been here two years and this is the first one I've heard about. There are 60,000 homes here and from what I understand less than a dozen sinkhole problems in the past 30 years.
Like someone said, sinkholes happen, hurricanes happen, tornadoes happen, lightning strikes happen. No matter where you live natural catastrophes can happen.
People are reading this thread and getting the impression that this is some kind of widespread problem. It is not. Sinkholes are rare.
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You are correct that there are less sinkholes that are of the catastrophic ground collapse. That is not the norm. Those types of sinkholes are not widespread;
however, it is the sinkhole damage that is NOT of the catastrophic type that is more concerning to me as a potential buyer.
I contacted Allstate insurance and was told that there have been many homes affected by sinkhole problems in the Villages, as well as, all over the State of Florida. And while some insurers currently will offer a policy with a 10% cost of the home deductible, it is anticipated that in the very near future there will be NO sinkhole coverage for new construction or resale homes. Small sinkholes near foundations, under lanai's, garage floors, shifting walls, lanai's, sunkens spots in driveways; windows or door jambs that have shifted out of alignment are more the norm (I'm not talking about normal settling issues). This can run into well into $100,00 or more depending on the extent of the damage. I can deal with a large deductible, but NO insurance????? That's an awful lot of risk.