Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago,

User Stats

26
Posts
2
Votes
Cynthia B.
2
Votes |
26
Posts

How to deal with potential sinkholes (Florida)?

Cynthia B.
Posted

Hello,


I own a home , it's insured .  Regular insurance coverage covers only if a sinkhole opens beneath my property and the house is basically condemned.

I would like added sinkhole coverage in order to get additional sinkhole endorsement I would need to get some sinkhole inspection. If this inspection fails I'm unlikely to get the added insurance. 

I'm assuming the added sinkhole coverage is in case a building sinks, is somewhat unstable , but not condemned. 

Now my questions are  what if this sinkhole inspection fails. If I ever want to sell the house am I forced to tell potential buyers for legal reasons?

In case a house does sink somewhat (not catastrophic) , does strengthening the building with pipes and cement help enough to prevent further sinking ? Because I've heard about someone doing this and they still heard cracking sounds etc. 

If I would ever need to add pipes and cement , in case of some sinking, and it doesn't help enough , then what do I do ?  Because I'm not sure my insurance would cover anything beyond a catastrophic collapse. 

Thanks so much for any answers, I'm a bit worried about this, but I'm sure I'm not the only one dealing with this :)

Loading replies...