Like any insurance, whether you elect to carry it is based on your own personal assessment regarding risk. There are some areas in Florida which have more risk factors for sinkholes that others. I am not personally knowledgeable about any past sinkhole activity in Trinity, but that is not to say that a sinkhole cannot occur. Many people elect not to carry sinkhole insurance since the coverage, in some cases, virtually doubles the insurance premiums, however, to say that the Trinity area has less risk is not going to help if a rare event of a sinkhole should occur which could be financially devastating to a homeowner who does not have the coverage.
If you want to spend more time in your research, you might find the State of Florida Department of Environmental Protection and their Florida Geological Survey Data and Maps http://www.dep.state.fl.us/geology/gisdatamaps/index.htm. You can download a Subsidence Incident Report at http://www.dep.state.fl.us/geology/gisdatamaps/SIRs_database.htm both in datat base spreadsheet and map overlays for Google Earth.
Please visit our website at http://www.homenetyouteam.com to search for homes and use other resources that we have made available to our customers. You can also sign up for a free ListingBook account to search the MLS just like a Realtor, just look for the FREE ListingBook tab at HomeNetâ€™s website. Our team looks forward to assisting you in finding a great home at a great value.
Fred Strickroot, RealtorÂ®, MBA, CDPE
Florida Lic. Real Estate Brokerage
2154 Seven Springs Blvd, Suite 103
Trinity, FL 34655
As an area Mortgage Broker who has unique access to info on this subject, I would like to share some info with you that others can't or won't.
Call me please 813 443 0808
Pro Option Mortgage/ Florida
Ph: 888 662 4404
NOW very important to know that even though Pasco County is very high on the list of sinkholes, to my knowledge no homes have sank.
The figures that i obtained from the state were 5% in the state and 1% in the tri county area actually sink.
The laws keep changing every year, and about to change again soon, if you get property on a discount because of sinkhole, you might not get funding or insurance, unless its a repair sinkhole.
I am also a Licensed Home Inspector and have done many inspections on sinkhole homes, they r still standing.
So the final decision is up to you.
Get educated on the subject, and if you need more info go to myflorida.com and type in the search window sinkhole, it will give you all the info you need to know.
If you still need help call me....
The Ground in this part of the state is like a honeycome with many void areas, .
Most sinkholes can cost up to $80k , maybe more depending on the size of the house.
It is advisable to get coverage, especially if it is an expensive home i would say $250k and up.
Only 5% of known sinkholes actually sink, the rest are earth movement or settling.
If you like to know more about sink hols got to the state web site, http://www.myflorida.com and type in sinkhole in the search window and will get all the info you need, i suggest all people do that to get educated about sinkholes.
many people dont want the extra coverage because their homeowners insurance policy covers catastrophic sink hole collapse,, which is what most people are concerned about.Its wise to have a home inspection done by a reputable inspector, not all of them are knowledgeable about sinkholes.
If you like a home inspector let me know.
The desicion you make can save youthousands of $$
If you need more info, call me.Click on my picture.
One way to find out is to get a copy of the Seller's Property Disclosure Statement. The seller is asked if there has been a sinkhole problem. From there you may be able to ascertain if sink hole insurance is necessary.
If you u like an inspector i can provide one for u
Expensive neighborhoods are not excluded from sinkholes or other problems.
I recommend getting sinkhole coverage
Our recommendation is to be in touch with a local engineer for their opinion.