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Old 05-11-2007, 06:28 AM
 
1,080 posts, read 4,086,313 times
Reputation: 597

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Starting with Sept. 1st and after renewals for Citizens insurance, Pasco/Hernando counties will have an option to op out of sinkhole insurance
which in Pasco Cty, residents would save 60 percent and Hernando residents 58 percent, both these couties are in "sinkhole alley". As policies come up for renewal Citizens will automatically drop sinkhole coverage, customers who want the coverage will have to pay for it. Dropping the coverage could save anyone a bundle. But then only collapses that make a home uninhabitable will be insured. Major cracks from sinkholes WOULD NOT be covered.

So what's the sense of paying for sinkhole coverage, if your only going to be paid for a major collapse? In other words, if you have cracks, windows won't open, voids under property that could be a future sinkhole, your not going to get any relief from the insurance company. What a joke!! The people that will get the worst of this are the ones with mortgages than the banks require you to have insurance, but their being insured with nothing.

This state and the people in Tallahassee are literally screwing the people of Fl. with this stupid coverage. Write to your representatives, let them know
your not happy with the decisions they are making on your behalf.
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Old 05-11-2007, 08:13 AM
 
Location: Lakeland, FL
523 posts, read 2,595,469 times
Reputation: 185
My stepsons insurance went from 800 to 3000 this last year. He is selling out. in Ridge Manor section of Hernando .
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Old 05-11-2007, 09:22 AM
 
Location: NC close to the MTs and near the lakes.
2,766 posts, read 4,881,051 times
Reputation: 967
Our Allstate Ins will not be renewed and we were told that was because of the sink hole problem in Pasco county. Allstate and also State Farm said that Pasco Co had the highest number of fraud cases with people who had sink holes. They would take the money since the checks were written out to them and not the bank and leave the house behind. At least that is what we were told. Really don't know if that is true.

Last edited by lorriem; 05-11-2007 at 09:25 AM.. Reason: was going to add something but changed my mind
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Old 05-11-2007, 09:34 AM
 
1,080 posts, read 4,086,313 times
Reputation: 597
Default Citizens

Only PASCO AND HERNANDO Counties are affected.........all other countries
will have sinkhole coverage.

My question now to all those who love Hernando cty.........what are you going to do if you get a sinkhole? The new coverage which only covers total
collapes, not major cracks, your totally screwed. Do you think you'll be able to sell? People won't want to come here for sure now, knowing that they can't collect on minor damage. What a mess the state is turning this into. God help us all.

Think 4,300 homes for sale is alot now..........watch what happens next.
Westward Ho everyone!!!
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Old 05-15-2007, 07:37 PM
 
Location: Palm Coast, Florida
220 posts, read 781,901 times
Reputation: 102
Live in Spring Hill, have several sink holes. In fact the entire neighborhood has them.. I'm selling to investor and letting them deal with it!
Biggest rip off this year!
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Old 05-29-2007, 06:00 PM
 
251 posts, read 795,832 times
Reputation: 121
Quote:
Originally Posted by lorriem View Post
Our Allstate Ins will not be renewed and we were told that was because of the sink hole problem in Pasco county. Allstate and also State Farm said that Pasco Co had the highest number of fraud cases with people who had sink holes. They would take the money since the checks were written out to them and not the bank and leave the house behind. At least that is what we were told. Really don't know if that is true.
As a resident of Pasco County I realize there have been fradulent sinkhole claims but I blame that on the insurance companies that don't even investigate if there is a sinkhole, they just pay off the policy limits. What the needed to do is get the "ATTORNEY'S" out of the Sinkhole business and not take away our coverage!

In Pasco and Hernando Counties if you are with Citizens Insurance as of September 1st all renual policies will no longer have sinkhole coverage and if you are required by your bank/mortgage company, or Condo Association you will be required to purchase it at a cost that is estimated by the Office of Insurance Regulations to be up to 1/2 of the total cost of your insurance premium!!!!!!!!!!!!!!

NOW...if you live in any of the other 65 Counties in Florida you will have the OPTION of dropping coverage...not here in Pasco or Hernando, our legislators dropped it for us. I guess they don't belive that we should have the same "choice" as everyone else in this state!!! Senator Fasano and Representative John Legg you SUCK!
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