Sinkholes are a unique risk in certain parts of Florida, where the ground can suddenly collapse due to shifting limestone or underground water flow. But does your Florida homeowners insurance protect you against sinkholes?
What Is Sinkhole Coverage?
Sinkhole coverage pays for damage caused by the sudden collapse of land under your home. This can include cracks in walls, sloping floors, and in extreme cases, total loss of the property. While Florida homeowners insurance often includes “catastrophic ground cover collapse,” this standard coverage only applies if your home is deemed unlivable after the collapse.
Standard vs. Optional Coverage
Many Floridians assume their standard policy covers all sinkhole damage. However, you usually need extra, optional sinkhole insurance to cover less severe forms of damage, such as cracking floors or slight foundation shifts. Without this extra coverage, minor sinkhole-related damage might be denied.
Signs of a Sinkhole
- Cracks in interior or exterior walls
- Depressions or holes in your yard
- Doors and windows that do not close properly
- Water pooling in unexpected areas
If you notice these signs, contact your Florida homeowners insurance agent right away. They may recommend a professional inspection to confirm whether a sinkhole is forming.
Cost and Availability
Sinkhole coverage costs vary based on where you live. Areas with frequent sinkholes, like parts of Central Florida, may see higher premiums. Some insurers may not offer sinkhole coverage at all if the risk is deemed too high.
What to Do if You Suspect a Sinkhole
- Evacuate if Necessary: If the floors or walls look dangerously unstable, get out and call a professional.
- Document Everything: Take photos of new cracks or shifts. Note the dates and times of any changes.
- Contact Your Insurer: They can guide you through the claim process and arrange inspections if you
- have sinkhole coverage.
Sinkholes may be rare, but they are a serious concern for many Florida homeowners. By adding optional sinkhole insurance to your policy, you can protect your home from both minor and major ground movement. Talk to your agent to learn more about what coverage is right for you.
