WebJan 14, 2011 · The sinkhole claims frequency ratio at Citizens more than doubled between 2006 and 2009. In 2009, Citizens reported incurring over $84 million in sinkhole losses and expenses, yet obtained... WebFeb 14, 2024 · Sinkhole inspection: If you're seeking to pay for optional sinkhole loss coverage, you will have to get an inspection to determine whether your property is eligible for this additional coverage. Citizens …
Sinkholes - Public - Citizens Property Insurance Corporation
WebFeb 14, 2024 · Citizens Property offers basic coverage for Florida homeowners. This coverage is similar to a standard HO3 policy. Its policy options include: Dwelling (Coverage A): Covers your house and... WebSinkhole coverage may also have a separate deductible from your All Other Perils deductible. Percentage deductibles may range from 1% up to 10% of your dwelling's coverage limit. Suppose you carry $300,000 in coverage and have a 10% deductible. Your insurance company may pay for a covered sinkhole loss up to your policy limits, less the … diamond for example
Florida’s Citizens Reaches Sinkhole Settlement
WebThe policy contained an exclusion for loss caused by sinkholes, but the parties had added an endorsement for sinkhole loss coverage (form CIT 23 94 07 08). The Munozes reported the damage to Citizens in January 2010, and Citizens engaged Madrid Engineering Group to complete a sinkhole evaluation. WebAug 6, 2014 · If your policy includes sinkhole loss coverage, a separate percentage deductible also applies to a covered loss. In the event of a covered sinkhole loss, the dollar amount of the deductible would be 10% of the total insured value of the home. ... If you are a Citizens-appointed agent or credentialed agency staff, log in to the Agents website ... diamond forged