Sinkholes: A Costly Phenomena

Insurance companies around the US have placed a lot of effort into promoting flood insurance policies over the last few years.  Since floods typically aren’t covered by a basic homeowner’s policy, there has been a need to raise awareness about the devastation caused by flooding and how to make sure your family is protected.

However, another catastrophic event that can destroy a home, and your family’s lives, is a sinkhole. Sinkholes are actually most common in Florida (while other states such as Pennsylvania, Tennessee, and even Texas are affected as well) and they can destroy homes, roads, bridges, etc. without much warning.  Entire vehicles have been swallowed up by sinkholes, and if you aren’t covered, it could mean financial ruin.

Sinkholes, like floods, aren’t covered by basic homeowners policies in most cases.  There is no need to despair though, because you can purchase additional sinkhole coverage for your home and property for very little additional cost to your monthly premiums.  A typical sinkhole policy will cover…

• Repair/replacement of your home due to sinkhole damage
• Damage to property immediately surrounding your home (driveways, patios, etc.)
• Any possessions inside your home that are lost or destroyed in the event of a sinkhole.

Since a sinkhole of merely a few inches can make a home uninhabitable, we think it’s important that our Polk County friends and neighbors are aware of the need for this specialty coverage, and we want to help you find the policy that’s right for you!  You can stop by our Winter Haven office, or call and schedule an appointment, and let us help you determine the type of coverage needed to protect your home and belongings, as well as how much of the specified coverage you need to make sure you are covered.

Don’t let a sinkhole destroy your life in addition to your home.  It’s not worth the risk to remain uninsured against this type of disaster.  Carroll Marshall is ready to help!