Originally Posted by ridge (Post 2416991)

Checking on home insurance with independent agent. I asked about sinkhole insurance and agent said companies are not offering it on new policies. Has anyone else be told the same?

Also how important do you think it is? Our present policy has sinkhole but deductible is high - 10% of home value.

Thanks for your response.

Originally Posted by Runway48 (Post 2417177)

Do you know if GPR is, or can be, included in a pre-purchase home inspection? Thanks

Originally Posted by DollyL (Post 2417210)

Funny you ask this question…
I just got home after transferring my homeowners, car insurance, golf cart insurance & Umbrella policies to State Farm. Our agent is Julie Foust. She is associated with State Farm insurance with Connie Wise on Campbell Rd off 466 between Buena Vista Blvd & Belvedere.
Sink hole deductible is $180!
Yes, that’s right! $180!
Please let her know that I referred you. I receive no benefit for referrals. Thank you. Dolly (Elaine) Latello

Originally Posted by biker1 (Post 2417217)

Are you sure about that? My State Farm Policy's sink hole deductible is the same as the rest of the policy's deductible. $180 sound like the premium cost of the sink hole coverage.

Originally Posted by biker1 (Post 2417217)

Are you sure about that? My State Farm Policy's sink hole deductible is the same as the rest of the policy's deductible. $180 sound like the premium cost of the sink hole coverage.

Originally Posted by Rocksnap (Post 2417079)

Our standard policy cover FIXABLE sinkhole damage. I added total loss sinkhole coverage for $240 a year.

Originally Posted by DollyL (Post 2417268)

Sorry! I did post that figure in error.
The premium for sinkhole is $180 and the deductible is $1000

Originally Posted by jrref (Post 2417303)

This should tell you since the coverage is so cheap that the likelyhood of a sink hole occuring is deemed very low according to the insurance company. You are probably wasting your money but do what makes you feel secure.

Originally Posted by retiredguy123 (Post 2417180)

Your information does not seem to track with this explanation from Harry Levine Insurance. Also, both sinkhole insurance and catastrophic ground collapse insurance only cover the house, not the surrounding property:

"Catastrophic Ground Cover Collapse
Catastrophic ground cover collapse coverage is included under your existing home insurance policy.
However, your claim must meet four requirements before your insurance company will reimburse you for the loss:

1. The abrupt collapse of the ground cover;
2. A depression in the ground cover clearly visible to the naked eye;
3. ,Structural damage to the insured building, including the foundation; and
4. The insured structure being condemned and ordered to be vacated by the governmental agency authorized by law to issue such an order for that structure.

Again, all four of these conditions must be met for it to be considered catastrophic ground collapse. Incidents that meet only some of these conditions would require a sinkhole insurance policy."

Originally Posted by jabacon6669 (Post 2417497)

Thanks for your response. My info is based on what I have been told from State Farm. So, I'm told that the state comes in and does a test, if it's caused by a limestone deposit below the earth. then it's a sink hole. You make no mention of this. You're just saying all 4 points must be met, whether there is limestone or not. This makes no sense. Or, the insurance companies are telling us what they want us to hear. Go figure?