[CSwofford147@comcast.net]

At October 21, 2015 Welcome Wednesday meeting District Manger Janet Tutt stated on the record that no one had ever been denied property insurance ie comprehensive sinkhole insurance based on the location of the property. That would mean having home rated using the Sinkhole index of 0 to 800 with 800 most impacted by proximity to sinkhole activity. I received a letter denying me insurance based solely on the location of my home. I would like to know any other Villagers experiences concerning this statement that no one has ever been denied insurance based on the location of there home.

[justjim]

OP, I don't know what Village you live in but I would suggest you contact the neighbors in your Village to see if they also were denied coverage.

[villagetinker]

I know there are insurance agencies that do not offer this coverage. Check with AAA, we used the local office on 441 very close to Spanish Springs. Coverage was no problem, and there was a sinkhole(s) less than 1 block (maybe 300 feet) from our house. So IMHO, it might just be the company you are dealing with.
Hope this helps.

[Topspinmo]

One company I was getting estimate from didn't have sinkhole insurance, went somewhere else that did. IMO She maybe right, just if you can afford the rate or whether it's worth the paper it writing on?? Insurance one of the biggest legalized Racketeering there is. The lobbyists really pay good to get laws passed in there favor.

[graciegirl]

OP I am confused as to what your point is.


Do you want to buy sinkhole insurance? Do you sell sinkhole insurance? Do you have a new idea about sinkhole insurance? I notice that this isn't the first time that you have discussed sinkholes and insurance.

[Bogie Shooter]

Originally Posted by CSwofford147@comcast.net

At October 21, 2015 Welcome Wednesday meeting District Manger Janet Tutt stated on the record that no one had ever been denied property insurance ie comprehensive sinkhole insurance based on the location of the property. That would mean having home rated using the Sinkhole index of 0 to 800 with 800 most impacted by proximity to sinkhole activity. I received a letter denying me insurance based solely on the location of my home. I would like to know any other Villagers experiences concerning this statement that no one has ever been denied insurance based on the location of there home.

If you doubt her statement, why not give her a call or send her an email?

[golf2140]

Originally Posted by Bogie Shooter

If you doubt her statement, why not give her a call or send her an email?

A voice of reason !!!!!!!

[Kazmi]

I would assume that she meant you should be able to find sink hole coverage. Any insurance company can offer or deny whatever coverage they want but you will be able to find an insurance company that offers the coverage that you are looking for.

Good suggestion though - contact her if you need further clarification on her statement.

[bimmertl]

It's an absurd statement on it's face. She couldn't possibly know such a fact considering the number of homes in TV.

If she said "to my knowledge" nobody has been denied insurance great. But if she actually said what the OP stated it's ridiculous.

The OP makes it clear the statement isn't factual based upon personal experience.

[tuccillo]

Sinkhole insurance might be misunderstood by many people. Home owner policies cover catastrophic sinkhole damage (i.e. your house is no longer inhabitable). The optional "other" sinkhole insurance is for sinkhole damage that does not render your house uninhabitable and typically has a high deductible (10% of the home value), although State Farm has a policy where the normal deductible applies. As with all insurance, you make a decision as to whether you can financially handle the relatively rare event of a sinkhole (self insure). With the exception of auto liability insurance and home owners insurance if you have a mortgage, nobody is forcing you to buy insurance.

Originally Posted by Topspinmo

One company I was getting estimate from didn't have sinkhole insurance, went somewhere else that did. IMO She maybe right, just if you can afford the rate or whether it's worth the paper it writing on?? Insurance one of the biggest legalized Racketeering there is. The lobbyists really pay good to get laws passed in there favor.

[rubicon]

Originally Posted by CSwofford147@comcast.net

At October 21, 2015 Welcome Wednesday meeting District Manger Janet Tutt stated on the record that no one had ever been denied property insurance ie comprehensive sinkhole insurance based on the location of the property. That would mean having home rated using the Sinkhole index of 0 to 800 with 800 most impacted by proximity to sinkhole activity. I received a letter denying me insurance based solely on the location of my home. I would like to know any other Villagers experiences concerning this statement that no one has ever been denied insurance based on the location of there home.

The OP said Tutt referred to property insurance ie comprehensive sinkhole insurance which appears entirely different from catastrophic sinkhole. So I am not certain of what coverage Tutt was referencing?

The problem arising over sinkhole insurance began in the Tampa area because policyholders were claiming sinkhole damage to get around an exclusion pertaining to cracking, etc that results from the normal settling of homes. And many of those homeowners who did collect never repaired their homes.

These racketeer insurance companies trying to be prudent and responsible spenders of funds had no choice and in an attempt to eliminating both legitimate disputes and specious claims being made by some homeowners had to further define their policies to ensure that sinkhole was a sinkhole because it was a better solution and the coverage was sinkhole and not settling and cracking coverage. Some companies refused to write the coverage, some wrote only catastrophic coverage and some wrote a comprehensive coverage provided you had your property inspected and paid additional premium.

Now if we could get the government to be as aggressive concerning fraud and abuse of government programs perhaps our tax obligation could be lowered

As what Tutt's intentions and message ... it appears she is passing along a message from the Villages Of Lake Sumter Inc that the home lots in TV are very viable and safe. However, my friend is a retired insurance agent who sold all lines of insurance mentioned to me that he could no get any type of sinkhole coverage when he moved from one home to a second here in The Village. I am not certain if he resolved that problem but it is a question on my mind now. I believe I'll e-mail him

[graciegirl]

I am skeptical.

[graciegirl]

OP. Please come back on and further explain your concerns and what you wish would happen.

Is it perhaps this?

500 hundred dollars times 50,000 homes is 25 million dollars

[twoplanekid]

On our new house in the Villages, I was able to get both kinds of sink hole insurance coverage at a reasonable cost. On the renewal taking place this December, I again quizzed the agent to confirm the coverage as the new policy was dropping the increased replacement cost coverage which I subsequently ask them to add back to the policy. You do have to closely read the policy which is easier said than done.

[CSwofford147@comcast.net]

If people were told who were buying resale's in the villages that they could not insure there homes against all perils would they buy there homes. Why does the villages give people sinkhole insurance on new home sales but not on resale's. Why does the District Manger Janet Tutt talk about golf cart safety and golf cart insurance and never mention CSST which has caused fires here and fires and explosion and deaths, class action law suits all over the country. CSST and Sinkhole insurance our just as important as Golf cart safety and Golf cart insurance. Is it not convenient to talk about these very real issues or it is because Janet Tutt works for the developer and not the Villagers if Janet Tutt has a problrm talking about these impediment to home sales I would be happy to meet her at the next welcome Wednesday meeting if she is really concerned about the Villagers she should have no problem discussing this. I have nothing to hide does she. This subject needs to be talked about and I think Janet Tutt should be the one to talk about.