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Originally Posted by er9027
Next year will be our 5th year...We love it. Being from the Midwest we live with Tornados etc. I don't live my life worrying about them... They are BAD. Take precautionary measures. I have insurance and a safe room to try to get safe. Now, IF I MOVE to the Villages and spend 300 to 600K on a house ...I want FULL coverage insurance! I will deal with my risk..INSURANCE company will deal with theirs...including sinkhole coverage and close to 100% coverage..IF NOT I WILL GO SOMEWHERE ELSE !! Are you saying I can't get FULL coverage..Never heard of that.
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I have contacted several insurance companies. You can get it now, but I have been told that there is a strong lobby to do away with it altogether. One agent led me to this article from last year so I could familiarize myself with the issue.
Here is the link:
Sinkholes And Insurance Coverage: A Growing Chasm | THELAW.TV
That being said, I haven't seen many posts about damages to homes due to sinkhole activity. It seems that when a sinkhole is mentioned people always refer to the catastrophic ground collapse rather than the more common sinkhole activity that can affect your property and cost a homeowner thousands of dollars. Maybe it's not that common.