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Updated over 5 years ago, 08/08/2019
sinkhole insurance problems
Hello, I've experienced constant pain trying to get landlord insurance with added sinkhole endorsement.
This is making me begin to think that owning real estate in Florida to rent out is a bad idea. I'm seriously considering cashing in and moving on from real estate. Are there any carriers that offer this ? I've talked to numerous agents about this, so far very little luck.
This is ridiculous. Please, what are others doing about this? Florida is covered in sinkholes, I can't be the only one in this situation!
If I do find insurance, my second concern is what to do once a property has had a sinkhole?
Is renting/selling possible, or much more difficult?
What about sinkhole endorsement insurance once I had a sinkhole claim ?
I think this forum needs a thread just focused on sinkholes honestly.
Thanks :)