Quote:
Originally Posted by CSwofford147@comcast.net
At this point the solution to this sinkhole problem is all that matters. With all the people and all the talent of the people in the Villages it is hard to imagine that a solution can not be found. 500 dollars times 50,000 homes is 25 million dollars. It would seem that somewhere in that equation things could be worked out. Solving the problem is what is important. No one in the Villages should be subject to the kind of financial exposure that this problem can present. People should work together to help each other out which is the Villages Sprit
|
This is not a problem unique to The Villages. Nor is it unique to central Florida. Residents of all areas are at risk for such acts of God, just like earthquakes, tornadoes, hurricanes, forest fires, floods. No one should be subject to such financial risk. But it is what it is. You cannot live your life in fear. All you can do is tackle one challenge at a time.
I am not saying that your idea is bad, because it has merit. I am just saying we should take a deep breath and evaluate the real risk. Gather some data. Observe trends.
Also if you could get ALL homeowners to chip in each year, that would cover remediation for about 200-300 homes per year. ( a buddy of mine in Spring Hill just paid $125,000 to fix his sink hole) The math would definitely make it a harder sell. Not impossible but... The fund could be assembled to help pay the deductibles for a super high deductible policy covering all of The Villages, but that is tantamount to what is already in existence by insuring each home individually. A lot to think about, but in the meantime, just get insured.