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.

2 Answers

  • 8 years ago
    Favorite 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 5
    8 years ago

    In central Florida. Yep

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