Sinkhole Loss Coverage SelectionRejection Form American Integrity
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People also ask
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Is sinkhole coverage mandatory in Florida?
The size and scope of the subterranean void determines how wide and deep the sinkhole becomes and how abruptly it develops. Not all homeowners' policies provide coverage for damage to your home resulting from sinkholes. However, Florida law does require insurance companies to cover “catastrophic ground cover collapse.”
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Is sinkhole coverage required in Florida?
The size and scope of the subterranean void determines how wide and deep the sinkhole becomes and how abruptly it develops. Not all homeowners' policies provide coverage for damage to your home resulting from sinkholes. However, Florida law does require insurance companies to cover “catastrophic ground cover collapse.”
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What is sinkhole loss?
Sinkhole loss coverage: Sinkhole loss coverage is an insurance endorsement that typically covers man-made sinkholes, including those related to mining operations. It may or may not cover naturally occurring sinkholes.
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Is sinkhole coverage worth it?
If the ground collapses and cracks your home's foundation, it can cost tens of thousands of dollars to repair the damage. Sinkhole insurance offers a way forward after the unexpected strikes. It may help pay for necessary, expensive repairs, such as: Stabilizing the land and the home.
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What is sinkhole loss coverage?
Updated Nov 11 2024. Sinkhole insurance is a home insurance endorsement (i.e., an addition to your policy) that can help pay for structural damage sinkholes cause. This coverage applies to your home and your personal property.
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Should you buy property with a sinkhole on it?
If the sinkholes were cause by material infill during lot grading, and it doesn't affect your house then you'll probably be ok. If they are caused by a cracked foundation drain, that's a relatively cheap fix.
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