[thomas47]

Originally Posted by rockyisle

We purchased our re-sale home 2 years ago and never had a problem getting all hazard insurance. If you haven't talked with the insurance agents in Sumter Landing, call them tomorrow. My brother just purchased a re-sale as well and has it.

Hazard what you haveinsurance is not sink hole insurance. Better check

[thomas47]

Originally Posted by graciegirl

Please go up to search. Type in sinkhole coverage. or sinkhole insurance. It has been discussed many times.There was a new law passed in January and it makes it danged near impossible to get sinkhole insurance on a resale. It is NOT just in The Villages. It is in Florida

Another Sinkhole Insurance thread

The Saga of Sinkhole Insurance in Florida - Law Firm Williams Law Association, P.A. Attorneys Tampa, Florida

WE also have tornadoes, alligators, and this is the lightning capital of Florida. Just so you know.

Yes I know and it doesn't rain in indianapolis in the summertime, but those things are insurable that you mention, not related to sink holes

[thomas47]

Originally Posted by 784caroline

To clarify (I hope), Gracie is talking about sinkhole insurance related to gradual damage associated with sinkhole acitivty......NOT catistrophic sinkhole coverage which every policy in Florida should have.

So are you saying one kind of coverage is available and one is not? that isn't what we're being told

[thomas47]

Originally Posted by graciegirl

That is right and thank you my friend, for the correction.

There's a big difference between should have and can have ladies.

[janmcn]

Go to any realtor's website, other than The Villages, and click on listings in Sunset Pointe. There is a house there for sale at 1631 Lakewood Drive, for $169,900 that had a sinkhole last year. The hole was just in front of the garage, so did not cause catistrophic ground collapse.

The hole has been filled in, but the owners elected to move out anyway. Now they're trying to sell and offering a lifetime guarantee against sinkholes, but nobody is buying.

[thomas47]

Originally Posted by howardandsheila

as it was explained to me, I could not get sinkhole insurance on the pre owned I just purchased, but I am covered for a "catastrophic ground collapse" IF the county condemns the house as uninhabitable. Decided I just don't want to worry about it. Statistics are on my side.

I don't have elephant stampede insurance either, but a man in Sumter Square sold me some elephant repellent and it has worked since ever since I sprinkled it all over the lawn. As a matter of fact, it keeps them away from my neighbor's yard too.

Must have gotten into the air because I am going ahead with my new house

[thomas47]

Originally Posted by thomas47

Must have gotten into the air because I am going ahead with my new house

P.S. as for statistics they'd be on your side even if you walked around the golf course during a lightening storm in metal spikes, but I wouldn't feel good doing it.

[gomoho]

This is life in Florida folks - spent Easter sunday at a beautiful beach house that does not have insurance because it would cost more than replacing the house (well pretty darn close anyway). And we have sinkholes - the thing that amazes me is why those in tornado alley don't have to have tornado insurance!

[GatorFan]

Part of catastrophic ground collapse does state your home has to be condemned. That simply means the county will require you move till repairs are made and home is safe to occupy. The same applies if you have a fire at your home and the county condemns your property due to electric damage and home is not safe to live in till repairs are made. Another way to look at difference is that catastrophic ground collage is visable and sinkholes are not. Catastrophic is included in all property policies in Florida by law with the same deductible as fire, lightning, etc.

[ilovetv]

Linked below is the Florida Office of Insurance Regulation page on Sinkholes, with links to other helpful info.

I would call them with questions.......

Sinkhole Page

[thomas47]

Originally Posted by GatorFan

Part of catastrophic ground collapse does state your home has to be condemned. That simply means the county will require you move till repairs are made and home is safe to occupy. The same applies if you have a fire at your home and the county condemns your property due to electric damage and home is not safe to live in till repairs are made. Another way to look at difference is that catastrophic ground collage is visable and sinkholes are not. Catastrophic is included in all property policies in Florida by law with the same deductible as fire, lightning, etc.

This is the clarification I was looking for. Thank you neighbor

[Cantwaittoarrive]

Originally Posted by thomas47

Exactly, this house is less than 1 year old and had sink hole coverage by the original owners. Now I;m ready to close on the 17 of May and can't get coverage, Something smells

This is not new has been going on since the Florida legislature changed the law. Also keep in mind insurance companies are in business to make money not to insure people and pay out claims. The way they make money is by insuring risk and if the risk is too high they won't insure unless forced too by law. I think the change in the law is already effecting resale to some degree, I know two people that decided not to by in TV because of this issue

[graciegirl]

Originally Posted by Cantwaittoarrive

This is not new has been going on since the Florida legislature changed the law. Also keep in mind insurance companies are in business to make money not to insure people and pay out claims. The way they make money is by insuring risk and if the risk is too high they won't insure unless forced too by law. I think the change in the law is already effecting resale to some degree, I know two people that decided not to by in TV because of this issue

You meant in Florida? Why would they just bypass The Villages for such a wide spread issue? The sinkhole alley is in the the western central part. I will google a map of sinkholes in Florida.

[graciegirl]

There have been either seven or eight homes burnt to the ground in the last seven years in TV due to lightning strikes. We live in the lightning capital of the U.S. in central Florida.

World Lightning Strikes Map

[JourneyOfLife]

Here is the other map illustration

Sinkhole Maps

Along with the poster that includes both maps

http://www.suncitydave.info/florida_sinkhole_poster.pdf