August 2014

There are 1 blog entries for August 2014.

Sinkhole Coverage in FloridaMost Floridians are familiar with sinkholes – those annoying holes in the ground that open up when our water table gets too high or too low for our vulnerable limestone layer to handle.  They’re not unique to Florida, but it seems we have more than our share – and they can range from a golf-ball-size hole to one large enough to swallow a neighborhood. 
 
A decade ago, home insurance policies routinely included coverage for sinkhole losses.   These days, that coverage is harder to find.  Florida home insurance policies still include the basic “Catastrophic Ground Cover Collapse” (CGCC), but most insurance companies have stopped offering “Sinkhole Coverage” unless the home passes a rigorous inspection.  Without “Sinkhole Coverage”, the CGCC will provide…
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