[Catalina36]

Originally Posted by Hifred

We have Allstate. Sink hole is covered at standard deductible. Quick question with the cost of houses increasing and the cost of construction increasing has anyone upped their homeowner's recently? Not to sound like The ************** (LOL) but we bought our home in 2019 for $385,000 which I thought is ridiculously high but now the same home in my neighborhood recently sold for almost $599,000 and we have a golf cart garage and they didn't. So do we need to call the insurance provider and ask them to revalue our home. I would hate to have a lightning strike and not have adequate coverage.

We are All very Happy with the increase in prices of buying a home in The Villages. 2021 was a great year for increasing values. Wait till 2023 when the taxes will increase because of accessed value increase. Then the H.O. insurance increase because the value of your home went up?? It takes 2 years to impact your tax base.

[MrFlorida]

Originally Posted by donassaid

Allstate Insurance is the only one I could find that only has a $1000 deductible for sinkhole coverage. All others were 20% co-pay which can be catastrophic.

Correct.

[mrf0151]

Sinkhole and since we live next to a pond, we have the Flood also. During Irma the water was at our backdoor.

[Garywt]

I have both tropes sinkhole coverage, my agent basically said to get it. They also told us we wouldn’t need flood insurance where we are.

[JMintzer]

Originally Posted by Garywt

I have both tropes sinkhole coverage, my agent basically said to get it. They also told us we wouldn’t need flood insurance where we are.

Same here...

[RPDaly]

----

[BobnBev]

Yes and Yes

[Retiring]

Originally Posted by bsloan1960

Just wondering if these are a real threat. They significantly increase the premium.

Thanks

Sinkhole and flood. This is central FL, both are real threats. I have the comprehensive SH insurance which is the more expensive of the types of SH insurance. I found the insurance here is reasonable to what I paid before in Seattle. However, the umbrella insurance is five times what I paid in Seattle. When I asked State Farm rep why, she said FL is a very litigious State. I assumed that from the million injury lawyer billboards I see driving to and from Tampa and Orlando. If you can afford it, don’t go cheap on insurance – you’ll sleep better.