Florida experiences more sinkhole activity than any other state. There is a Florida Statute that requires every insurer to also provide coverage for catastrophic ground collapse. However, this may not cover sinkhole damage. The law defines sinkhole damage differently than catastrophic ground collapse.
The law defines a sinkhole as “a landform created by subsidence of soil, sediment, or rock as underlying strata are dissolved by groundwater. A sinkhole may form by collapse into subterranean voids created by dissolution of limestone or dolostone or by subsidence as these strata are dissolved.”
Florida law defines catastrophic ground cover collapse as “geological activity that results in all the following:
If your home is damaged due to a sinkhole, your claim must meet all of the four criteria for catastrophic ground collapse. If the damage does not, then your insurance company can legally refuse to pay the claim. All insurance companies in Florida are required to offer coverage for sinkhole damage. This is usually a rider on your homeowner’s policy. This requires you to pay a higher premium on your homeowner’s policy.
If you are buying a home in Florida, make sure that property and structure are insurable and that sinkhole coverage is included in the homeowner’s policy. Also, it is important to have an experts inspect your property and see if there are any signs of sinkhole activity such as:
The experts at Foundation Professionals of Florida can come and inspect your home and see if there is sinkhole activity and if there is, we offer compaction grouting that is injected into the loose soil to strengthen it and prevent a sinkhole from forming.
Don’t be caught off guard, make sure that you have the proper insurance for sinkholes.