THURSDAY, FEBRUARY 4, 2016
Most of us have seen on news a sinkhole in other parts of the U.S. In particular, I am thinking of Florida, where yards, streets and homes have simply disappeared. In my 32 years in the insurance business I can not recall a sinkhole claim; therefore, the probability is slim.
In Missouri, I have found very few homeowner companies include sinkhole coverage. In a sense it is an earth movement; however, I am not saying it's included under earthquake. If it were included under earthquake, obviously a homeowner policy's earthquake deductible comes into play which generally is 10-20% of the amount of dwelling coverage. This agency does have access to the Missouri Fair Plan and they write a stand-a-lone sinkhole policy costing $313 in 2016 for a $200,000 policy.
If interested in a quote please contact the flanigan insurance agency @ 314-727-6000.