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Should I Drop My Sinkhole Loss Coverage?

Florida’s new property insurance reform, SB 408, may lull some homeowners into thinking that they don’t need to buy sinkhole coverage. After all, won’t paying for a “Catastrophic Ground Cover Collapse” policy be enough? Many in the insurance lobby say that...

Man-Triggered Sinkholes

The people of Plant City, FL sometimes refer to 2010 as the “year of the sinkhole.” While there are incidences of sinkholes in Plant City, the winter of 2010 was a literal sinkhole bonanza. Record cold temperatures in January, collided with Plant City’s strawberry...

Understanding Florida SB 408

I worried about giving this blog post the title, “Understanding Florida’s SB 408,” simply because there is so much about SB 408 that remains difficult to understand. Homeowners are not the only ones scratching their heads. Even the experts find it difficult to wade...