[retiredguy123]

Originally Posted by LLJorgs

We have both coverages. We bought new construction and was told by agent we should have it, most everyone does. Upon renewal we were also debating whether to keep it and an inspector told us in their opinion keep it at least 5 yrs to give everything time to settle after all the disruption in the area. An actual example given was a sink hole opening in front yard that damaged attached garage and foundation was not covered under catastrophic cause house was not condemned - cost was about $100k to repair. Convinced us to keep it and went with State Farm, we have 1/2% deductible for all perils including the added sinkhole coverage. Only one I found that offers less than the 10% deductible on sinkhole and we got better coverages on other items.

I agree, but I would point out that, if you bought a new house from The Villages, you would have a 10 year warranty on the foundation.

[yabbadu]

Originally Posted by Rainger99

At the present time, I have Sinkhole coverage and Catastrophic Ground Collapse coverage. I am debating whether I can drop Sinkhole coverage and save some money. Do most of you have both Sinkhole and Catastrophic coverage? What are the pros and cons of dropping Sinkhole? As far as I can tell, Catastrophic Ground Collapse is mandatory.

Any horror stories with insurance companies denying Catastrophic Ground Collapse because it wasn't sudden?

What does your insurance agent tell you as opposed to opinions on this website?

[retiredguy123]

Originally Posted by yabbadu

What does your insurance agent tell you as opposed to opinions on this website?

When I was shopping for sinkhole insurance, I found out that many insurance "agents" do not understand sinkhole coverage, and they cannot explain it. I would suggest that you do your own research.

[Rainger99]

Originally Posted by yabbadu

What does your insurance agent tell you as opposed to opinions on this website?

She said it was up to me.

That is why I am trying to find out how many people have sinkhole coverage and more importantly, how many people have submitted claims and what their experience was. Were they paid? Did the insurance company dispute the claim?

Is it possible to get the information from the State Insurance Department? I assume they keep records.