Originally Posted by tophcfa (Post 2134042)

Hell, sadly I’m just happy to have insurance period without any additional sinkhole coverage. Our roof is 16 years old and I am nervously anticipating getting dumped again when our overpriced policy comes up for renewal in December. I have had two professionals inspect our roof, with architectural shingles, and both said it’s in good shape and has several years of remaining life. Unfortunately, with the roof scam thing running rampant, the insurers are either jacking up premiums to the stratosphere or leaving the Florida market entirely. DeSantis needs to push through some legislation pronto to protect the insurance companies from this scam or pretty soon there won’t be any companies left writing policies in Florida.

Originally Posted by Blueblaze (Post 2134040)

Not that laws mean anything anymore, but every Florida homeowner policy is required by law to include catastrophic sinkhole coverage.

Nevertheless, when American "Integrity" renewed my policy this year, they added a rider than excluded BOTH my roof AND catastrophic sinkhole coverage -- and then raised my rate 20%!

So, I guess, in this corrupt new loony tunes world we live in, where anybody can do anything they want except for law-abiding suckers and tax payers, we're probably on the verge of "virtual" insurance, where you pay an enormous rate so that your neighbors can scam a new roof every ten years, but the fine print excludes all other actual hazards. I'm tempted to get a mortgage just so I can have someone big enough on my side to force them to sell me real insurance!

Originally Posted by RPDaly (Post 2134069)

State Farm. Need an inspection first before they cover you for it

Originally Posted by rjn5656 (Post 2134006)

I called the Villages Insurance for a quote on an existing home. They said none of the companies offer sinkhole insurance anymore.

Any one have luck with other insurance companies?

Originally Posted by retiredguy123 (Post 2134047)

All Florida homeowners policies must include "catastrophic ground collapse" coverage, not sinkhole coverage. That coverage will only cover damage if your house has been declared condemned by the local Government. Some companies will offer an additional coverage called "sinkhole" coverage that will cover damage to your property even if it has not been condemned.

Originally Posted by richrjones (Post 2134197)

I wonder if your 2 professionals had come back that your roof had wind damage, like my 2 professionals (structural engineers) did, and you submitted a claim and was told that's not wind damage, it's just wear and tear, like my insurance company did, would you feel the same regarding who is scamming who?????

Originally Posted by wlasowicz (Post 2134038)

Maybe they are not offering it for new insurance but I have insurance thru The Villages insurance which I think is ASI which owned by Progressive I have sinkhole coverage but the agent told me last week the deductible for sinkhole was 10% of the value of my home.
Can any one comment if that 10% is correct?

Originally Posted by Life as I know it (Post 2134205)

Why can’t Insurance companies simply prorate the coverage of the roof based on age?
The deductible for the roof should be increased every year (without raising the premium) so at the end of of the life of the roof payout would be based on the age and condition. The deductible would start after the roof is 10 years old and it increases as it ages.
Or why can’t the Insurance company sell roof coverage in a separate policy like sinkhole coverage? When ever I see several roofs going on in one Village you have to wonder if they are being put on at our expense. I know of several friends and neighbors who have gotten these “free” roofs and are so happy that they got one. They should know that people know what they did.