If you have a mortgage on your house is sink hole insurance mandatory?
I'm in central Florida. I have contacted the mortgage company and either they do not know or they do not want me to know. I have yet to figure out which.
- AnonymousLv 78 years agoFavorite Answer
In Florida, politicians have passed laws that say that sinkholes must be covered under a homeowners policy.
If you are hell bent on not having sinkhole coverage, you'll have to buy property insurance that does NOT include sinkhole coverage - like through Lloyds of London - and it's going to cost you a hell of a lot more.
I don't believe the mortgage standards require sinkhole collapse as a peril. But the state of Florida requires insurance companies to include it.
- ?Lv 58 years ago
In central Florida. Yep