Originally Posted by aljetmet (Post 464504)

So I'll definitely contact an agent before putting a deposit on a lot. But say I pick a lot and by the time they come to test it's sold to someone else.
Wonder if TV will give you a rebate if you back out of a lot cause you cannot get sinkhole coverage or the coverage has a very high deductible or high cost.

Originally Posted by janmcn (Post 465079)

That's an excellent question for your sales person. Please let us know what he/she says in response.

Originally Posted by graciegirl (Post 465110)

You can't insure what you don't own. Inquire now. Do your due diligence.

And even if there is a danger anywhere in Florida of sinkholes, The Villages isn't having any trouble selling those lots.

Dance while you can still hear the music.

Originally Posted by aljetmet (Post 464504)

So I'll definitely contact an agent before putting a deposit on a lot. But say I pick a lot and by the time they come to test it's sold to someone else.
Wonder if TV will give you a rebate if you back out of a lot cause you cannot get sinkhole coverage or the coverage has a very high deductible or high cost.

Originally Posted by graciegirl (Post 465148)

Quote:
Originally Posted by graciegirl https://www.talkofthevillages.com/fo...s/viewpost.gif
You can't insure what you don't own. Inquire now. Do your due diligence.

And even if there is a danger anywhere in Florida of sinkholes, The Villages isn't having any trouble selling those lots.

Dance while you can still hear the music.

"I think he was talking about a sink hole inspection. A very good idea. I will be doing same before dancing."Posh

How could they inspect a lot for sinkholes before you choose a lot and put a deposit on it??? Just asking. And my point is that sinkholes happen, they are fairly rare. Central and West central Florida has more than the rest of the state. That known and given, the lots are still selling here pretty fast and people are taking their chances. May I have this waltz, Posh? ;).

The cheery thought around here is that if you don't ever have a sinkhole, you have a good chance to be hit by a drunken golf cart driver.;)

OR...CAN YOU HAVE A POTENTIAL LOT INSPECTED.??AND HOW DO THEY DO THAT? AND WILL THEY CHARGE YOU FOR THAT? And even after that can you be sure?

Originally Posted by aljetmet (Post 465900)

.....I wish I knew how to start a poll. .....

Originally Posted by Bill-n-Brillo (Post 465931)

twotogo, in addition to seeking feedback/input here on TOTV, it's undoubtedly best that you also contact an insurance agent regarding your questions and concerns. Plenty of referrals in this thread and others regarding various insurance agencies if you don't already have one in mind.

Bill :)

Originally Posted by villages07 (Post 464230)

Per today's paper, this incident was a water main break and not a sinkhole.

To Advo.... Golf course irrigation is primarily via reclaimed water in the various ponds.

Originally Posted by graciegirl (Post 465148)

Quote:
Originally Posted by graciegirl https://www.talkofthevillages.com/fo...s/viewpost.gif
You can't insure what you don't own. Inquire now. Do your due diligence.

And even if there is a danger anywhere in Florida of sinkholes, The Villages isn't having any trouble selling those lots.

Dance while you can still hear the music.

"I think he was talking about a sink hole inspection. A very good idea. I will be doing same before dancing."Posh

How could they inspect a lot for sinkholes before you choose a lot and put a deposit on it??? Just asking. And my point is that sinkholes happen, they are fairly rare. Central and West central Florida has more than the rest of the state. That known and given, the lots are still selling here pretty fast and people are taking their chances. May I have this waltz, Posh? ;).

The cheery thought around here is that if you don't ever have a sinkhole, you have a good chance to be hit by a drunken golf cart driver.;)

OR...CAN YOU HAVE A POTENTIAL LOT INSPECTED.??AND HOW DO THEY DO THAT? AND WILL THEY CHARGE YOU FOR THAT? And even after that can you be sure?

Originally Posted by twotogo (Post 465923)

I heard that someone received a letter from their insurance company that their sinkhole coverage was canceled. The catastophic sinkhole coverage was not canceled. Has anyone else had their sinkhole coveraged canceled?

What did you do? Can you get S.H. coverage from Florida Citizens Ins? What would the cost and the deductible be?

We have visited The Villages for two years and will be putting our home up for sale in April. I need to be sure I will be covered when the home is built and in the future. Thanks in advance for responding.

Originally Posted by Carla B (Post 466040)

The big insurance companies left Florida and gradually smaller companies moved in. Probably when the whole issue of sinkhole claims eventually settles down more insurance companies will step in and offer the coverage.

Our insurance in TV is up for renewal in July and we'll have to see what happens.

Originally Posted by CarGuys (Post 464456)

Thanks Bill, Your a good mentor and a " Go to Resource"

I did exactly what you recommend. Like you we went to our agent and we were lucky with getting our policies. In fact I had several close friends in Tamarind work with me also.

My Post was for all the new or soon to purchase buyers reading. I believe that we are not starting panic but as per the TOTV I feel it is a nice gesture to give people a heads up.

Some attack that we are starting a panic. I was shocked to find out how close we came to NOT getting coverage or a huge deductible.

As you most correctly stated. You and I both found that a call to your agent is priceless.

I would someday hope like a used home inspection a new lot would have the requirement to provide sinkhole inspection to give those peace of mind.

Good companies with technology of ground sonar and test drilling can determine a yea! or nay!

I am afraid that these rates are going to climb unless Fla law restores insurance sinkhole reasonable coverage.