Scott: Areas between Naples up to Crystal River on the west coast of Florida are known for sinkholes, especially Pasco and Hernando.
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.