[CarGuys]

Originally Posted by shalomuall

Our friends lost their dream house to a sink hole in TV. So they rescued what they could, sold it as is and bought another home in TV. That was good enough for us. We are building in Fernandina unit 206.

Insurance pay it off?

[Paulm47]

Total for the overall storm was 9.8" on the gauge in my yard in Pennecamp.

[2 Oldcrabs]

Seems from reading the threads here, that sink holes are mostly a problem around the ponds. Is that the the case? I assume they can happen anywhere, but most of the ones I read about appear to be near water!

[Barefoot]

Originally Posted by 2 Oldcrabs

Seems from reading the threads here, that sink holes are mostly a problem around the ponds. Is that the the case? I assume they can happen anywhere, but most of the ones I read about appear to be near water!

It does seem that ponds cause a lot of the problems. But perhaps it is the water acquifiers and not ponds. I think that the sink hole, or castrophobic ground movement, in Sunset Pointe was in the front yard. We very much enjoy backing on a pond, watching the birds, and having the frogs sing us to sleep at night. I think that developing a sink hole is probably as likely as losing your home to a tornado or to a lightening fire. Acts of God.

[shalomuall]

not sure how much the insurance paid. They did sale it to a special company that buys and fixes and resales. I hope that company discolses what happened.

[Bogie Shooter]

Originally Posted by anarick

thanks asianthree. all the threads we've seen on sink holes recently and the possibility of not being able to get insurance against them have made us nervous. we have a lot on hold in fernandina. we are seriously reconsidering now.

Are there no perils in NYC?
Look at the threads, those that say you can get insurance. PM that person and get a phone number of the agency and give them a call. Then you will get the straight answer. I would even call two or three.

[anarick]

Originally Posted by Bogie Shooter

Are there no perils in NYC?
Look at the threads, those that say you can get insurance. PM that person and get a phone number of the agency and give them a call. Then you will get the straight answer. I would even call two or three.

NY has its share of perils but I'm talking about a peril in TV that before last weekend was not so common. Not having a way to mitigate it is scary.
Our desire to move to TV is very strong talking and dreaming about TV every day. We want our move to go as smooth as possible and our new home to be protected against all that can go wrong. Doesn't everybody??
I have already contacted our sales agent and asked him to provide us with some insurance agents. Lets see what they say.
Thanks for the tip.

[asianthree]

Originally Posted by shalomuall

not sure how much the insurance paid. They did sale it to a special company that buys and fixes and resales. I hope that company discolses what happened.

they have to disclose it the law, and if they don't when an insurance company does a quote it comes up then

[batman911]

Sink holes are caused by several things. Disturbing the top layer of soil (digging ponds) is a strong contributor. Drough, flooding and natural causes also come into play. Lots of questions answered on this website:

FGS - Frequently Asked Questions

[asianthree]

Originally Posted by anarick

thanks asianthree. all the threads we've seen on sink holes recently and the possibility of not being able to get insurance against them have made us nervous. we have a lot on hold in fernandina. we are seriously reconsidering now.

don't worry about things you can not change..get the lot, love the house you will put on it and enjoy you time in TV

[rjm1cc]

Then all the sinkholes would have been found in prior storms. Seems that they are a risk of living in this part of Florida. I would stay away from the ponds (just a guess no facts) if I was building. I would also get sinkhole insurance that would pay the cost of repairing the small ones that pop up without damaging the home. Also make sure it will repair your home if it was damaged by a sinkhole but was still habitable.

[hotrodgirl]

Quote:
Originally Posted by anarick
thanks asianthree. all the threads we've seen on sink holes recently and the possibility of not being able to get insurance against them have made us nervous. we have a lot on hold in fernandina. we are seriously reconsidering now.

I have a lot on hold in Gilchrist on a golf course, but not particularly close to a pond. Well, I am not entirely certain of that as I have never seen the lot! I know a pond is nearby, but not exactly sure where. Anyways, I had some reservations about everything after hearing all the sinkhole news. I feel SO terrible for those who are adversely affected. But in the grand scheme of things we can all have something catastrophic happen in our neighborhoods, no matter where we may live. I got through Hurricane Wilma with under 10,000 in damages, survived a tornado in Tampa, and a microburst in the Chicago suburbs. None of us have any guarantees. I am excited to live in TV, and this will not change my mind. However, I will definitely be looking to obtain sinkhole coverage!

[thistrucksforyou]

Originally Posted by shalomuall

not sure how much the insurance paid. They did sale it to a special company that buys and fixes and resales. I hope that company discolses what happened.

Florida law requires the seller and any adjacent property to be sold must disclose this type of problem...