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

Sinkhole Insurance
 

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.

May we ask where did you get this data?

May we ask where did you get this data?

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 must be wroung
 

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

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..

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.

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..........

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.

well we do have sinkholes
 

====================================
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.