Florida has more sinkholes than any other State in the Nation. There are few policies left still offering sinkhole coverage but because Florida is prone to these destructive causes of loss authorized insurers must provide catastrophic ground collapse. Below is a full description of what an insurer will consider the loss to be a ‘catastrophic ground cover collapse’ and pay the claim.
As used in ss. 627.706-627.7074, and as used in connection with any policy providing coverage for a catastrophic ground cover collapse or for sinkhole losses, the term: (a) “Catastrophic ground cover collapse” means geological activity that results in all the following:
Catastrophic Ground Cover Collapse
The abrupt collapse of the ground cover;
A depression in the ground cover clearly visible to the naked eye;
Structural damage to the covered building, including the foundation; and
The insured structure being condemned and ordered to be vacated by the governmental agency authorized by law to issue such an order for that structure.
Most claims stay on record for 5 years but a home that has had a sinkhole claim will have the history of that claim for the life of the home.
We have access to insurance companies that will provide coverage for homes with a sinkhole history.
