Talk of The Villages Florida

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-   -   Florida Citizens Insurance (https://www.talkofthevillages.com/forums/villages-florida-new-members-forum-115/florida-citizens-insurance-53799/)

twotogo 05-24-2012 07:32 AM

Florida Citizens Insurance
 
Has anyone purchased sinkhole insurance from the State of Florida's
Citizen's Insurance? This would include both types of sink hole insurance.
If you have, could you share what the cost was?

thank-you

asianthree 05-24-2012 07:37 AM

Have not looked at them but need to find something cause our ASI went up $250 this year

Finallyfree 05-24-2012 08:44 AM

We bought sink hole insurance from ASI, cost was $131.60 for the year.

janmcn 05-24-2012 02:39 PM

Citizens Insurance is available only as an insurance of last resort and therefore would not be available in The Villages as there are other alternatives.

Shimpy 05-24-2012 04:31 PM

Quote:

Originally Posted by twotogo (Post 496553)
Has anyone purchased sinkhole insurance from the State of Florida's
Citizen's Insurance? This would include both types of sink hole insurance.
If you have, could you share what the cost was?

thank-you

What do you mean by "both types of sink hole insurance"? I have sink hole insurance and pay $99 per year with $500 deductable but not through Citizens.

Carla B 05-24-2012 06:11 PM

By "both types" the OP probably means catastropic ground collapse and sinkhole insurance. The first is covered automatically in the HO policy, the second is an endorsement added to the HO policy for an additional premium. This is the coverage that insurance companies are declining to write.

784caroline 05-25-2012 09:19 AM

To clarify for Shimpy, people may assume that becuase they have catastrophhic ground collapse, this includes and also means sinkhole coverage. It does not and as Carla points out they are both very different.


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