Sinkhole Insurance yes no?

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Old 08-15-2018, 05:56 PM
MSchad MSchad is offline
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Smile Sinkhole Insurance yes no?

I know, another thread about sinkhole insurance. But I’m curious as to do most people actually get it if they can. Haven’t found any discussion on that. Do you have it, yes/no, and why?
FYI.... closing on home next month.
Thanks!

Last edited by MSchad; 08-15-2018 at 06:02 PM.
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Old 08-15-2018, 06:04 PM
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We’re part time Villagers in Phillips Villas. We have sinkhole insurance as well as flood insurance. Probably won’t need either but we sleep better knowing we have them.
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Old 08-15-2018, 06:18 PM
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Definitely YES if you can get it.
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Old 08-15-2018, 06:32 PM
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Yes
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Old 08-15-2018, 07:10 PM
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Quote:
Originally Posted by Brucernelson View Post
We’re part time Villagers in Phillips Villas. We have sinkhole insurance as well as flood insurance. Probably won’t need either but we sleep better knowing we have them.
Ditto...
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Old 08-15-2018, 07:28 PM
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Quote:
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Ditto...
Same here, better safe than sorry.
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Old 08-15-2018, 07:30 PM
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Have it haven't use it but would not drop it either
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Old 08-15-2018, 08:04 PM
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All types of insurance policies are gambles including life insurance. It's up to you.
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Old 08-15-2018, 08:38 PM
784caroline 784caroline is offline
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Make sure your not simply talking catastrophic sink hole coverage (every florida should have this) but the wider (and optional)
coverage to include structural damage to include the settling or cracking of a foundation, structure, or building which does not constitute a loss resulting from a catastrophic ground cover collapse.
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Old 08-15-2018, 08:48 PM
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Yes to the supplemental sinkhole coverage. Catastrophic coverage is built into your home insurance policy.
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Old 08-15-2018, 09:59 PM
MSchad MSchad is offline
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Thanks for all the replies. All my quotes have included the optional sinkhole coverage and was planning on it but curious if anyone ever opted to pass on it. But I hadn’t thought about flood insurance. Up here if your in a flood plane the mortgage companies require flood insurance. Not so down in TV’s?
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Old 08-15-2018, 10:47 PM
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Our new homes sinkhole coverage was offered. Our preowned there was no coverage available. Does it bother me not to have coverage, sometimes when there is a new sinkhole.
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Old 08-16-2018, 05:11 AM
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why not? for a extra $50. aprox.. its a piece of mind
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Old 08-16-2018, 06:50 AM
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Yes
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Old 08-16-2018, 08:21 AM
biker1 biker1 is offline
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Optional sinkhole coverage is not $50.

Quote:
Originally Posted by badabing06405 View Post
why not? for a extra $50. aprox.. its a piece of mind
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