[midiwiz]

Originally Posted by rjn5656

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?

Don't know why anyone would call villages anything.....but. I have it under state farm so apparently looking at the posts the villages don't know jack, big surprise

[EatthMama]

I just switched to Allstate. They cover sinkholes much better than State Farm did.

[Catalina36]

Originally Posted by GATORBILL66

I have sinkhole insurance with THE BASCOM INSURANCE ANGENCY here in the villages. He is an ALLSTATE company.

My Home Owners Insurance went up having sinkhole coverage with the Bascom Agency.
A $1100.00 increase in 2 years to $2478.00. Thats Crazy. I decided against sinkhole insurance
and went with Farmers Home Owners Insurance with 500K for liability and 5K for medical etc.
at $1344.00 thats a big savings. With all of the golf courses, golf cart paths, roadways, rec centers when was the last time you saw a sinkhole? I was told you have a better chance of your home getting hit with lightning.

[gighilton]

Originally Posted by rjn5656

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?

Just bought a Progressive underwritten policy from the Villages Insurance and
sink hole protection was included. New home on Mulligan Run

[PJackpot]

Originally Posted by wlasowicz

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?

We had ASI as well, and that is correct.

[kkingston57]

Originally Posted by ECPRO

Who wrote these laws . That’s where the total blame belongs.

Basically most insurance companies write insurance in Florida using standard policies with minor differences. Legislators do not create the policy but have created laws to protect the consumers.

Florida has had insurance problems since Hurricane Andrew in 1992. Before then there were good nationwide insuraance companies in Florida.Most good natonwide insurance companies do not want to write business in Florida due to hurrIcanes and poor construction.

After 1992 Florida, particularly the coastal areas have been and still are on a downward spiral. I was in the biz and Florida has always been an area of high rates of fraudulent activity, particularly the Miami area. Afterall they were #1 in Medicare fraud.

[GatorFan]

Originally Posted by retiredguy123

Are you referring to the catastrophic ground collapse coverage or the optional sinkhole coverage? They are two different things.

Allstate offers with same deductible as you have for Fire, theft, etc.

[GatorFan]

Originally Posted by coconutmama

Totally agree. In a capitulation to the insurance companies in FL, during R Scott’s tenure as governor, sinkhole insurance coverage was greatly reduced to no longer cover driveways & other areas of property.

Never covered anything but structural damage to dwelling. The Governor can only make suggestions, can not change law.

[Blueblaze]

Originally Posted by ECPRO

Who wrote these laws . That’s where the total blame belongs.

Who wrote the laws? The Florida insurance cartel, obviously.

That's what always happens. Voters complain, politicians "do something". But since only thing they know how to do is get elected, they call in the "experts" to write the bill -- the same people the voters were complaining about in the first place.

Look at the law they just passed that forbids insurers from refusing roofs less than 15 years old. Result? They simply hiked rates an absurd amount, which is what they wanted to do anyway.

At no point did anybody look at the cause of the problem -- goofball "full replacement" policies and roof scammers working in cahoots with the insurance cartel, to force you to replace your roof 10 years before the warranty runs out. It's called corruption, and it's the primary feature of all banana republics.