[jrref]

Originally Posted by sowtime444

Back in 2015 someone figured out that all sinkholes in The Villages were less than 84 feet in elevation.

Plotted where Villages sinkholes have occurred

For all the people saying that "all sinkholes in The Villages have been catastrophic collapse and therefore covered" is not true. Someone in the north near Nancy Lopez didn't have a catastrophic collapse a year ago.

What I was told is that everyone on that retention pond suspects the Villages-owned pipes, but The Villages wouldn't let the pipes be inspected.

Where is the proof of the Lopez sink hole because from what I remember it was considered catastrophic.

[Gramfry52]

I just added sinkhole coverage on my State Farm policy for approx. $250 yr. Deductible is $2000. If there was any foundation damage, it most likely would cost a lot more than the deductible.

[blibecap]

Originally Posted by jrref

Getting sink hole or flood insurance depends on you tolerance for risk. I think your home here in the Villages has a better chance of getting hit by lightning since six did last year and burnt down. I don't know of any homes in the Villages that needed to use flood insurance unless they were in a flood plain over the past 10 years or so, and only a couple of homes had sinkhole damage over the past 10 years and they all were considered catastrophic and were covered. And did we have a serveral sinkholes here in the Villages? Yes, but they were not under a home where the sink hole insurance would have covered it.

May we ask where did you get this data?

[blibecap]

Originally Posted by jrref

Getting sink hole or flood insurance depends on you tolerance for risk. I think your home here in the Villages has a better chance of getting hit by lightning since six did last year and burnt down. I don't know of any homes in the Villages that needed to use flood insurance unless they were in a flood plain over the past 10 years or so, and only a couple of homes had sinkhole damage over the past 10 years and they all were considered catastrophic and were covered. And did we have a serveral sinkholes here in the Villages? Yes, but they were not under a home where the sink hole insurance would have covered it.

May we ask where did you get this data?

[Rainger99]

Originally Posted by Michael 61

People, you have to research this stuff yourself, and read your insurance policies in detail - especially the declarations page and the applicable exclusions. Do not depend solely on the verbal explanation by your sales agent.

Do you really think that these policies are written so that the average man can understand them?

My policy is over 100 pages of detailed legalese that is not comprehensible to the average person. Unless you are an insurance adjuster, the vast majority of people would not understand what is covered and what is excluded.

Why Are Insurance Policies So Difficult To Understand?

Why Are Insurance Policies So Difficult To Understand? | Strategic Claim Consultants.

[Michaeljay]

We just build a new as of dec 11 2025
We have State Farm for our house insurance. I don’t remember the cost for the sink hole coverage but I do remember that the deductible was 10% of the value of the home. So if yours is only $2000 deductible then I would get sink hole coverage. Who’s your agent because I would like to talk to him to see if he can make us the same policy



25

Originally Posted by Gramfry52

I just added sinkhole coverage on my State Farm policy for approx. $250 yr. Deductible is $2000. If there was any foundation damage, it most likely would cost a lot more than the deductible.

[jrref]

Originally Posted by blibecap

May we ask where did you get this data?

Yes, the six homes destroyed by lightning is documented by the Villages Lightning Study Group and all six were in the Villages News.

The sink hole episode at Lopez last year was also in the Villages News..

[Rainger99]

Originally Posted by Rainger99

Do you really think that these policies are written so that the average man can understand them?

My policy is over 100 pages of detailed legalese that is not comprehensible to the average person. Unless you are an insurance adjuster, the vast majority of people would not understand what is covered and what is excluded.

Why Are Insurance Policies So Difficult To Understand?

Why Are Insurance Policies So Difficult To Understand? | Strategic Claim Consultants.

This is from my policy.

Subrogation. An "insured" may waive in writing before a loss all rights of recovery against any person. If not waived, we may require an assignment of rights of recovery for a loss to the extent that payment is made by us. If an assignment is sought, an "insured" must sign and deliver all related papers and cooperate with us. Subrogation does not apply under Section II to Medical Payments to Others or Damage to Property of Others.

This is with AI translating that paragraph into simple English. The second one is much easier to understand.

Subrogation means we (the insurance company) can step into your shoes to recover money from someone who caused a loss we paid for. You (the insured) can give up your right to recover from someone else in writing before a loss happens. If you don’t give up that right, we might ask you to transfer those recovery rights to us for the amount we paid for the loss. If we ask for this, you need to sign and provide any necessary documents and help us out. Subrogation doesn’t apply to medical payments to others or damage to someone else’s property under Section II of the policy.

[jrref]

It's telling that no one has responded that they had sink hole insurance and used it here in the Villages.

[Justputt]

Originally Posted by jrref

It's telling that no one has responded that they had sink hole insurance and used it here in the Villages.

I have life insurance, and I haven't used that yet either..........

[jrref]

Originally Posted by Justputt

I have life insurance, and I haven't used that yet either..........

Right, but if there were such a sink hole problem here in the Villages where sink holes appeared under the home and the sink hole insurance paid for it, I would think we would have some responses by now.

[snbrafford]

Originally Posted by Coop63

Moving to TV next month and getting quotes on insurance. Sink hole coverage option is quite expensive. What do others think?

This question was asked nearly 3 years ago so wondering if anything has changed.

Also interested in thoughts about insurance and preferred carrier, etc

Thanks in advance

====================================
Well I had that question 7 years ago too. There are sinkholes in TV and in FL. One of the retention ponds near a golf course went dry a few years ago. I've lived in two villages that have had sinkholes - fortunately in or near the street. The most recent one was about 1/4 mile away and took a couple of months to be repair about a two foot hole in the side of the road. I would not drive my car or golf cart near it until repaired.
As far as insurance. Regular HO won't cover if you have that kind of loss so you are better to have it than not - like any insurance when you need it, you need it real bad.
Every year, I check out my HO insurance to make sure I'm getting the "best deal" - not necessarily the cheapest. I have found that different companies have a different PERCENTAGE DEDUCTIBLE (similar to hurricane) and thus the higher the coverage on the house, the higher the deductible. I was very happy to find recently that State Farm has ZERO DEDUCTIBLE (other than you normal policy deductible) on sink hole losses and State Farm was comparable to my previous company plus their auto coverage was less so my home/auto coverage premiums has come out a little lower.