Sink hole vs Catastrophic ground cover collapse
I am trying to understand the risks involved in these coverages under my HomeOwners policy The Sink Hole coverage costs a fairly high premium and comes with a huge deductible (like 10% of the total coverage). As I understand it covers the slow cracking in walls, concrete etc. caused by a slow moving Sink Hole. The other coverage, Catastrophic ground cover collapse is where a hole suddenly appears on your property. This coverage, I believe, also has to damage your home or there is no coverage and is must be sudden. This is covered without any additional premium or any special deductible.
My question for the forum is: Does anyone know if the problems experienced in the Villages over the past couple of years resulted from Sink Holes or Catastrophic ground cover collapse? If the latter, does anyone know of any claims in the Villages for Sink Hole losses? Thanks in advance for everyones input.
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