Sinkhole inspection for sinkhole ins.?

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  #1  
Old 01-22-2020, 04:15 PM
gatorbill1 gatorbill1 is offline
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Default Sinkhole inspection for sinkhole ins.?

After getting e mails from Progressive to bundle my insurance I decided to call them. I have my auto ins with them and asked for a homeowners quote to bundle both. The quote was about $200 less than my current insurance company. When I said I was interested in hooking them up, the sales person said he needed to check with someone about adding sinkhole coverage (which I wanted). I was then told I would need to get a sinkhole inspection before they could provide the coverage. I have sinkhole now and always have for the last 10 years. Never needed an inspection before. Have been told the inspection could cost $5,000 to $10,000. Obviously I am staying with current company (Coastal). Any comments??
  #2  
Old 01-22-2020, 04:38 PM
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Get bundle quote from AAA.
  #3  
Old 01-22-2020, 04:46 PM
gatorbill1 gatorbill1 is offline
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Get bundle quote from AAA.
AAA was a lot more $$ every time I checked them
  #4  
Old 01-22-2020, 04:53 PM
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We had a inspection a couple of years ago, it was a walk around the outside of the house taking pictures, NO cost.
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  #5  
Old 01-22-2020, 05:11 PM
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I have Progressive through The Villages insurance, no problem with them and no inspection. I have tried several other companies to compare apples to apples rates and no one even comes close so I'm sticking with The Villages, no need to look further.
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Old 01-22-2020, 05:45 PM
John_W John_W is offline
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I switched last May from American Integrity to the company you want to leave, Coastal Insurance. I had been with AI for 8 years and my premiums had gone from $505 in 2011 to $985 last spring. The Villages Insurance transferred me to Coastal for only $575 for sink hole and catastrophic collapse, no inspection. I would stay with Coastal if I were you.
  #7  
Old 01-22-2020, 05:58 PM
gatorbill1 gatorbill1 is offline
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I switched last May from American Integrity to the company you want to leave, Coastal Insurance. I had been with AI for 8 years and my premiums had gone from $505 in 2011 to $985 last spring. The Villages Insurance transferred me to Coastal for only $575 for sink hole and catastrophic collapse, no inspection. I would stay with Coastal if I were you.
i

I think I will.
The Progressive salesperson said underwriting makes all the decisions, and their decision is final even though it changes from day to day, I am very happy with Progressive for auto so thought I would try them for house. Coastal is OK with me also.
  #8  
Old 01-22-2020, 06:01 PM
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Quote:
Originally Posted by gatorbill1 View Post
After getting e mails from Progressive to bundle my insurance I decided to call them. I have my auto ins with them and asked for a homeowners quote to bundle both. The quote was about $200 less than my current insurance company. When I said I was interested in hooking them up, the sales person said he needed to check with someone about adding sinkhole coverage (which I wanted). I was then told I would need to get a sinkhole inspection before they could provide the coverage. I have sinkhole now and always have for the last 10 years. Never needed an inspection before. Have been told the inspection could cost $5,000 to $10,000. Obviously I am staying with current company (Coastal). Any comments??

There are sinkhole inspections and there are sinkhole inspections. As villagetinker said, the insurance company inspection is usually a walk around at no cost to you.

A geological survey will run $7-10k and is an entirely different animal. I was going to have it done till I was advised by couple RE agents, it may not be a good idea.
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Old 01-22-2020, 06:19 PM
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Quote:
Originally Posted by villagetinker View Post
We had a inspection a couple of years ago, it was a walk around the outside of the house taking pictures, NO cost.
not with Progressive for sinkhole
  #10  
Old 01-22-2020, 07:50 PM
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An ambassador at Lopez told me they are not allowed to use the S word. They have been instructed to refer to sinkholes as depressions. My response is that people are depressed who have sinkholes open up near their house.
  #11  
Old 01-23-2020, 06:49 AM
Lyn Wagner Lyn Wagner is offline
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Do they have sink hole coverage?
  #12  
Old 01-23-2020, 07:28 AM
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Quote:
Originally Posted by tophcfa View Post
An ambassador at Lopez told me they are not allowed to use the S word. They have been instructed to refer to sinkholes as depressions. My response is that people are depressed who have sinkholes open up near their house.

Awesome!


.
  #13  
Old 01-23-2020, 07:42 AM
dmarti1973 dmarti1973 is offline
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Default Sinkhole Insurance

Quote:
Originally Posted by gatorbill1 View Post
After getting e mails from Progressive to bundle my insurance I decided to call them. I have my auto ins with them and asked for a homeowners quote to bundle both. The quote was about $200 less than my current insurance company. When I said I was interested in hooking them up, the sales person said he needed to check with someone about adding sinkhole coverage (which I wanted). I was then told I would need to get a sinkhole inspection before they could provide the coverage. I have sinkhole now and always have for the last 10 years. Never needed an inspection before. Have been told the inspection could cost $5,000 to $10,000. Obviously I am staying with current company (Coastal). Any comments??
Smart move! I am a Villager. However, I have been in the insurance claims business in FL for over 30 years and have never heard of Coastal. Is that an offshoot of Citizens? Buying homeowner insurance in FL should always come from an AM Best rated company with aa rating no less than A. Premium cost should not be a consideration. You often get what you pay for.
  #14  
Old 01-23-2020, 08:00 AM
Singerlady Singerlady is offline
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We have State Farm. Our sinkhole inspection was a walk around and cost $23. Going to have a requote with The Villages Insurance soon. Only chose them because it was easier last year to just ‘transfer’ from home. We’re newbies.
  #15  
Old 01-23-2020, 09:41 AM
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My home's assessment is 3 hundred thousand so I have to pay the first 30 thousand, if the house is not a catastrophic collapse. My thinking is if I have 30 thousand worth of damage the house would be considered a catastrophic collapse. So do you think the extra insurance is needed.
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