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.

Originally Posted by CarGuys (Post 466133)

Couldn't have said it better Carla! I'm betting that next year all our rates go up or are gone until this all settles down.

Wonder how many say go un-protected and just let the bank take it when it disappeares?

Originally Posted by zonerboy (Post 474582)

Bought my home in the Villages from the Villages with mortgage by the Villages (i.e. Citizens First) with home insurance by the Villages.
So if it disappears into a sinkhole, I'll let the Villages worry about it.

Originally Posted by zonerboy (Post 474582)

Bought my home in the Villages from the Villages with mortgage by the Villages (i.e. Citizens First) with home insurance by the Villages.
So if it disappears into a sinkhole, I'll let the Villages worry about it.

Originally Posted by villages07 (Post 466150)

I have ASI and it appears they significantly raised their rates somewhere around last May (plus or minus a month or two). For example, my renewal was for August and insurance went up somewhere around 20%, mostly due to sinkhole and "approved" rate increases. All the folks complaining about rate increases now are catching up to last year's approved rate hike.

It'll be interesting to see what happens to those coming up on this next year of renewals (i.e. after May'ish) to see there is another significant rate hike or other changes in sinkhole coverage.

Someone asked earlier, and never got a good answer.... for folks who have recently closed on new homes in Sanibel or St James...what has been your experience in obtaining sinkhole coverage as part of your HO insurance?

Originally Posted by zonerboy (Post 474582)

Bought my home in the Villages from the Villages with mortgage by the Villages (i.e. Citizens First) with home insurance by the Villages.
So if it disappears into a sinkhole, I'll let the Villages worry about it.

Originally Posted by l2ridehd (Post 474576)

I was by there two weeks ago and they had repaired the underground and had filled the hole. They had not repaired the house porch or garage yet. I would guess they need to wait until the concrete they injected under the home has had a chance to cure. Probably takes 8 to 10 days for that. Looks like they will return it to as good as new. Probably better then other homes right around it now.

Originally Posted by GatorFan (Post 476260)

Cane Garden was not a sinkhole claim. It was classified as catastrophic ground collapse which is included in policies.

Originally Posted by janmcn (Post 476398)

What is the technical difference between a sinkhole and a catastrophic ground collapse?