Quote:
Originally Posted by elizabeth52
This would be an excellent solution to a problem IF, as was indicated to me by a couple of insurance carriers that I contacted on Friday, secondary sinkhole insurance goes away completely in the near future.
Again, if that were the case, all of Florida, not just the Villages, would be affected. But the sheer numbers of the residents in the Villages would make this possible.
Perhaps the question should be posed "if there was no secondary sinkhole insurance available, would you...?"
I would...and I'd even pay more into the pot.
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Elizabeth 52. what does secondary sinkhole insurance goes away in the near future mean?".
Secondly if one had both sinkhole coverage from insurance company and self-insured with village residents what would pay first?
Setting up a self-insured fund requires quite a bit of state regulations, etc It also includes errors and omission insurance liability insurance accounting requirements and audits, etc