A sinkhole, also known as a sink, shake hole, swallow hole, swallet, doline or cenote, is a natural depression or hole in the Earth’s surface caused by karst processes — the chemical dissolution of carbonate rocks or suffosion processes for example in sandstone.
Sinkholes may vary in size from 1 to 600 meters (3.3 to 2,000 ft) both in diameter and depth, and vary in form from soil-lined bowls to bedrock-edged chasms. Sinkholes may be formed gradually or suddenly, and are found worldwide. The different terms for sinkholes are often used interchangeably
On the other hand, covers only a small portion of damages caused by sinkhole activity. Under Florida law, catastrophic ground cover collapse includes geological activity resulting in the following:
Consider the damage that the property must sustain before a government agency would force a family out of their home, and it becomes clear just how worthless this coverage is.
Here in the near future to home insurance polices in the near future. To higher deductibles for sinkhole coverage to buy back option sometimes requiring an inspection and even excluding the coverage all together.
There are bills being passed as I write this, for more information contact me.
Don Westerfeld 4/29/2011 7:17:00 AM
Don Westerfeld has been active in the field of Insurance and Financial Planning since 1997. Don grew up in Indiana later moving to Lakeland Florida where he continues to reside with his wife and children. When he’s not in the office you can find him enjoying the great outdoors. He has served on several charitable business and non-profit organizations and continues to provide guidance, advice and support to local charities.
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