Inside The Industry: Sinkholes and Your Homeowner’s Policy

Living in a home in South Florida, you have to make sure you protect your house from natural disasters with homeowner’s insurance. Although the most prominent type of disasters in South Florida are hurricanes, homeowner’s need to protect themselves from sinkholes or catastrophic ground collapse. Homes or commercial buildings that have confirmed sinkhole activity will lose significant value since under Florida law.

Below is a video by Tower Hill that showcases the different types of coverage available for earth movement in Florida, what types of damage are eligible for coverage and how the deductible for a sinkhole works:

10 Sinkhole Symptoms at your home, condo or building

1. Cracking of the exterior walls (possible stair-step pattern)

2. Cracking in exterior porches, decks, sidewalks or driveways

3. Cracking around in-ground pools or pool decks or lanais

4. Separation of the foundation from the soil

5. Cracking of interior walls, ceilings or floors

6. Cracking around the frames of doors, windows or in the corners of rooms

7. Excessive leakage from your in-ground pool

8. Tilting, un-leveling or sinking of the floor

9. Doors or windows sticking or jamming or not otherwise working correctly

10. Unexplained or unusual water stains on the floor, walls or ceiling

At BB Insurance Marketing, Inc. we are committed to helping you navigate through one of the most critical policy decisions you will have to make during your lifetime. In order to secure you the most appropriate and efficient coverage, it’s important to us that we take the time to truly understand your unique insurance needs – because let’s face it, every Florida home and homeowner is unique – so why shouldn’t your policy be? One of our dedicated agents would be happy to provide you with a thorough coverage evaluation, as well as offer you a free Florida home insurance quote right now!