New law removes sinkhole coverage in Pasco, Hernando08/28/07 Robert Lorei
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In a few weeks, Hernando and Pasco customers of state-run Citizens Property Insurance will no longer have automatic standard sinkhole coverage. These consumers only will be guaranteed coverage in event of a "catastrophic ground cover collapse" that results in local governments condemning their property and ordering them to vacate.
Hernando and Pasco homeowners will have to pay extra if they want protection against partial sinkhole damage that doesn't make the home uninhabitable.
The change was made recently by Gov. Charlie Crist and the Legislature when they dealt with the homeowner’s insurance crisis.
Joining us to talk about this change: Ron Broadrick, president, Earth Tech Geotechnical Construction Services; James Funderburk, professional geologist; George Sinn, professional engineer with Central Florida Testing Laboratory.
For a consumer's perspective on this issue, click here.