The Institutes

Sinkhole-Insurance Legislation: Focus on Water Levels

 Wednesday, April 27, 2011

 The Ledger

More and more Florida homeowners are filing sinkhole claims. So the Legislature wants to "fix" that by making it harder and more expensive to get sinkhole coverage, and more difficult to collect on claims.Rep. John Wood, R-Winter Haven, is sponsor of House Bill 803. It would alter sinkhole insurance greatly. He argues against the notion that sinkhole-related insurance claims are because of more sinkholes, reports the St. Petersburg Times. "We don’t have a sinkhole problem. We have a sinkhole-insurance problem," he says.
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