Quote:
Originally Posted by Buffalo Jim
Anyone know the true " odds " of a sink-hole opening under a given home ?
My guess would be it would be about the same Odds as winning the Power-Ball Lottery in any given year .
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When a sinkhole happens close to someone's home, of course it's a nightmare.
No downplaying that. There are emotional and financial impacts for them, and probably also for their neighbors.
However there are so many things we can worry about in life that never happen.
We can worry about being hit by lightning or being attacked by a bear,
or we can hope to win the Lottery.
But in real life, these things rarely happen.
FGS - Frequently Asked Questions
What is the sinkhole risk factor associated with my area?
Unfortunately there is no ready reference on sinkhole prediction or risk assessment. The insurance companies have tried developing risk prediction methodology, but since the underground cavities are largely undetectable without expensive ground-penetrating radar surveys, resistivity tests, or test drilling, little real progress towards this goal has been made. In recent years, at least one geotechnical company has developed a fee-based risk assessment registry based on an extensive private database of known sinkholes and local geologic conditions, which it provides to insurers. Some Florida insurance companies now utilize this registry for assisting in determining the sinkhole risk in specific areas.