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Tag Archives: Citizens Property Insurance

Florida Passes New Sinkhole Law

By Jeremy Tyler | Posted on June 20, 2016

Recently, Florida Governor Rick Scott signed Senate Bill 1274 into law. The new law goes into effect on July 1, 2016, and will let Florida insurance companies offer a new type of limited sinkhole insurance coverage. The bill is a response to a 2011 law that had some unintended consequences. Florida homeowners will now… Read More »

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Sinkhole Claims in Florida: The Importance of a Signed Contract

By Thomas Allison | Posted on May 26, 2016

According to the Florida Department of Environmental protection: “Sinkholes are a common feature of Florida’s landscape.” Unfortunately, the typical homeowners insurance policy excludes coverage for sinkhole losses. However, it may be added via endorsement. The typical endorsement for sinkhole coverage provides that a “sinkhole loss” (defined as “structural damage to the principal building, including… Read More »

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