Talk of The Villages Florida - View Single Post - Whats the point of discussing Sinkhole Insurance
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Old 05-10-2014, 01:36 PM
CSwofford147@comcast.net CSwofford147@comcast.net is offline
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Default Whats the point of discussing Sinkhole Insurance

There have been many replies to posts about sinkholes and sinkhole insurance in TV as to what the point is to discussing sinkhole and sinkhole insurance. . The point is that it is a well known fact to the Villages Properties that a tremendous amount of homes that are sold in the Villages can not get sinkhole insurance based solely on there location. If you try to get sinkhole insurance in the Villages your address is entered in to a insurance data base and almost every property is classified as uninsurable. When you buy a home from out of state that information which is known in advance should be disclosed to you so that you can make a informed decision based on all the known facts. It is entirely possible that some people might not have purchased property had they known that it could not be insured for a potentially very large financial exposure. I would like to know what people who have purchased property in the Villages were told about the uninsurabality of there property before they bought the property. The seems to me to be a material fact which should have been disclosed. The Property Owners Association of the Villages has said it has knowledge that people were being told by there sale people that these homes could be insured but when they got here found out they could not be insured. What needs to discussed is what people have been told by Village sales associates about sinkhole insurance. Do people who purchased here feel that there was adequate disclosure of the problem.