Homeowners' Insurance:
 

Does everyone in TV have sinkhole insurance on HO policy? Recommendations for a provider of HO insurance? Thanks very much.

I do. State Farm is pricey, but some of the quotes I got were from what I considered sketchy companies who were cheaper.

All Florida homeowners policies are required to have coverage for "catastrophic ground collapse". But, "sinkhole" coverage is optional and not always available for all houses. Basically, sinkhole insurance will cover any damage to your property caused by a sinkhole, even if your house is not damaged. Catastrophic ground collapse insurance will exclude some sinkhole damage, especially if you house is not damaged or destroyed.

give Triple A a call...we have a HO policy with them that has sink hole coverage

doubtful that 'everyone' in TV has sinkhole coverage...that's a personal decision everyone makes for any number of reasons

I have Progressive, which used to be called ASI, and I do have sinkhole coverage. However, I have no idea if they are any good, because I have never filed a claim. I think the only way to evaluate a homeowners insurance company is by how good they are at handling claims. If you go with the lowest price, you may find that they raise your premium by 30 percent next year.

We have it with Allstate. Hopefully will never find out how good it is.

Might consider a very tall ladder in case you wake up one morning underground.

Progressive insurance 460-/ yr incl sinkhole DO NOT USE THE VILLAGE BROKERS THEY MARK UP 100%

Not so sure of that. We went with Allstate but Village Brokers was only about 10% higher.

What is the AAA phone number of your insurance broker? Thanks.

I have Traveler's insurance with sinkhole (w/10% deductible) and full coverages. Got it through Villages Insurance. Just had our 2nd renewal and was $760 for year which was an increase of about $6(six) dollars over last year. Of course size of home makes a difference and we have a 2/2 Colony so obviously a larger home would be more. Our renewal was July 1st and I did a LOT of comparison shopping comparing identical coverages and this was by far the lowest cost policy of all. Allstate was same price but NO SINKHOLE (other than legal requirements). They wanted a few hundred more to add the 10% ded sinkhole coverage. Progressive direct was $100 more without sinkhole so I went no further. I did drop Villages Ins for my auto and went with Geico. Long story there and posted elsewhere.

There are 2 types of sinkhole coverage. Catastrophic covers total loss. Non-catastrophic will cover damage that does not destroy the home but may cause some structural damage. Not all companies will offer non-catastrophic, but repairs can get expensive if you don’t have it. I have ASI/Progressive which offered it, and $500 deductible hurricane coverage (many others are 2%), so I have been hesitant to change providers even for minor premium savings.

Not mine. I did lots of comparison shopping, and then went with what Villages Insurance offered.

Our homeowners policy covers catastrophic sinkholes. We found out that if we want the other type, we would have to pay half the cost of an inspection prior to obtaining the other sinkhole insurance. Well, we don’t know what that cost would be, nor did Villages Insurance. Then, if we got approved, we don’t know what this coverage would cost.

So, we’re in the process of mulling this over.

Mull very carefully

Try Amica. I did a thorough study about two years ago and found them best value. Great company, better coverage than most and the price is lower than Traveller's.