Sinkhole inspection for sinkhole ins.?
After getting e mails from Progressive to bundle my insurance I decided to call them. I have my auto ins with them and asked for a homeowners quote to bundle both. The quote was about $200 less than my current insurance company. When I said I was interested in hooking them up, the sales person said he needed to check with someone about adding sinkhole coverage (which I wanted). I was then told I would need to get a sinkhole inspection before they could provide the coverage. I have sinkhole now and always have for the last 10 years. Never needed an inspection before. Have been told the inspection could cost $5,000 to $10,000. Obviously I am staying with current company (Coastal). Any comments??
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Get bundle quote from AAA.
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We had a inspection a couple of years ago, it was a walk around the outside of the house taking pictures, NO cost.
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I have Progressive through The Villages insurance, no problem with them and no inspection. I have tried several other companies to compare apples to apples rates and no one even comes close so I'm sticking with The Villages, no need to look further.
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I switched last May from American Integrity to the company you want to leave, Coastal Insurance. I had been with AI for 8 years and my premiums had gone from $505 in 2011 to $985 last spring. The Villages Insurance transferred me to Coastal for only $575 for sink hole and catastrophic collapse, no inspection. I would stay with Coastal if I were you.
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I think I will. The Progressive salesperson said underwriting makes all the decisions, and their decision is final even though it changes from day to day, I am very happy with Progressive for auto so thought I would try them for house. Coastal is OK with me also. |
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There are sinkhole inspections and there are sinkhole inspections. As villagetinker said, the insurance company inspection is usually a walk around at no cost to you. A geological survey will run $7-10k and is an entirely different animal. I was going to have it done till I was advised by couple RE agents, it may not be a good idea. |
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An ambassador at Lopez told me they are not allowed to use the S word. They have been instructed to refer to sinkholes as depressions. My response is that people are depressed who have sinkholes open up near their house.
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Do they have sink hole coverage?
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Awesome! :thumbup: . |
Sinkhole Insurance
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We have State Farm. Our sinkhole inspection was a walk around and cost $23. Going to have a requote with The Villages Insurance soon. Only chose them because it was easier last year to just ‘transfer’ from home. We’re newbies.
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My home's assessment is 3 hundred thousand so I have to pay the first 30 thousand, if the house is not a catastrophic collapse. My thinking is if I have 30 thousand worth of damage the house would be considered a catastrophic collapse. So do you think the extra insurance is needed.
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