Quote:
Originally Posted by janmcn
Sink hole!
This rather lengthy thread has lots of info and photos of a sinkhole that opened up six months ago in the Village of Buttonwood. From what I understand, homeowner's insurance with catastrophic ground cover collapse would not pay to repair this large sinkhole because the two houses involved were not damaged. Luckily the homeowner had sinkhole insurance.
The man who repaired it said the costs to fill in the hole would be between $200,000 and $300,000. If you are able to buy sinkhole insurance, it would seem like the prudent thing to do.
There are many threads on sinkholes, if you do a search on this forum.
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I was told by my insurance agent that the homes were covered by the catastrophic ground collapse as The Villages Safety office declared them unsafe to live in. That is when the catastrophic ground collapse coverage kicked in and paid for the repair. Sinkhole insurance did not cover the damage.