Disclosure of Denial of Property Insurance based on Location

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Old 05-06-2014, 11:21 AM
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I am interested in where you obtained this information and how I could go about getting my rating.
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Old 05-06-2014, 11:39 AM
jnieman jnieman is offline
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I worked for an insurance company for 3 years after I moved down here. Quit about a year ago. My job was to do homeowner's and auto insurance quotes. Whenever I would do a homeowner's quote I would do an interview and ask a series of questions to the homeowner. After I put the info in the insurance database I would get a popup on my screen telling me how far the property is from a sinkhole. Anyone can get a quote on a property if they are thinking of buying it. Just call an agent and give them the address and details of the property. You could ask them then how far the property is from a sinkhole and if sinkhole coverage is available. I wouldn't see any reason they wouldn't tell you.
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Old 05-06-2014, 12:11 PM
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Originally Posted by Big O View Post
I would like to know what your continued interest in Villages sinkholes is. Do you own property in The Villages? Are you an investor or agent who would stand to gain if everyone was to panic and start selling? Are you a reporter for the Orlando newspaper? Inquiring minds want to know. You have come at this from about three different directions now, what answer are you looking for?
Seems like a good question. 14 posts and 12 are sink hole topic.
https://www.talkofthevillages.com/fo...archid=8338979
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Old 05-06-2014, 12:28 PM
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Originally Posted by CSwofford147@comcast.net View Post
When you are purchasing property from the Villages in the Villages as a out of state buyer. Everyone involved in the realty transaction except the out of state buyer is well aware of the fact that the location of the property being purchased determines whether Sinkhole insurance can be purchased. The address is put into a insurance data base and a Sinkhole Index score is given to the property based on its proximity to ground subsidence activity. There are very few property's to my knowledge in the Villages that receive a passing score. The denial of insurance based on the location is known fact. It would seem that given the financial exposure involved that the buyer will have, it would be not only extremely important fact but a material fact that should be disclosed to the buyer so that the buyer could make informed decision based on the facts to purchase real property. This information was not provide to me in my purchase of real property in the Villages. I would very much like to hear other people in the Villages experiences concerning disclosure of information as to the insurability of there property and there comments as to whether it was disclosed to them if there property was uninsurable based on its location.
This might be of interest
FGS, Subsidence Incident Reports disclaimer
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Old 05-06-2014, 12:37 PM
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Quote:
Originally Posted by CSwofford147@comcast.net View Post
When you are purchasing property from the Villages in the Villages as a out of state buyer. Everyone involved in the realty transaction except the out of state buyer is well aware of the fact that the location of the property being purchased determines whether Sinkhole insurance can be purchased. The address is put into a insurance data base and a Sinkhole Index score is given to the property based on its proximity to ground subsidence activity. There are very few property's to my knowledge in the Villages that receive a passing score. The denial of insurance based on the location is known fact. It would seem that given the financial exposure involved that the buyer will have, it would be not only extremely important fact but a material fact that should be disclosed to the buyer so that the buyer could make informed decision based on the facts to purchase real property. This information was not provide to me in my purchase of real property in the Villages. I would very much like to hear other people in the Villages experiences concerning disclosure of information as to the insurability of there property and there comments as to whether it was disclosed to them if there property was uninsurable based on its location.
As my opinion has not changed, this is a reprint of my response to an earlier post of yours:

Charles,

I don't know you from Adam, but I do know that you are like a dog with a bone when it comes to Sink Holes. Please consider giving it a rest! If you have a problem with Sink Hole Insurance or the lack there of, do something about it. Run for the State Assembly, write your representatives, whatever. Please stop trying to scare the bejesus out of people. The sky is NOT falling! You are doing no good except causing some of those more susceptible to these tactics to lose sleep. In my opinion you would be much better off taking up a hobby and let it be not crusading about something you currently have no power to change. If you are indeed serious about this matter, do something constructive. Well, that's my two cents.

Good meaning people who response to this paranoia only encourage more of the same. The "Ignore List" is a VERY useful tool.

Xavier
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  #21  
Old 05-06-2014, 12:42 PM
Bogie Shooter Bogie Shooter is offline
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Originally Posted by Xavier View Post
As my opinion has not changed, this is a reprint of my response to an earlier post of yours:

Charles,

I don't know you from Adam, but I do know that you are like a dog with a bone when it comes to Sink Holes. Please consider giving it a rest! If you have a problem with Sink Hole Insurance or the lack there of, do something about it. Run for the State Assembly, write your representatives, whatever. Please stop trying to scare the bejesus out of people. The sky is NOT falling! You are doing no good except causing some of those more susceptible to these tactics to lose sleep. In my opinion you would be much better off taking up a hobby and let it be not crusading about something you currently have no power to change. If you are indeed serious about this matter, do something constructive. Well, that's my two cents.

Good meaning people who response to this paranoia only encourage more of the same. The "Ignore List" is a VERY useful tool.

Xavier
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