Sinkhole-Insurance Legislation: Focus on Water Levels
Wednesday, April 27th, 2011 Auto Legislation & Regulation Liability PropertyMore 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.
External References & Further Reading
http://www.theledger.com/article/20110427/EDIT01/104275001/1001/business?Title=Sinkhole-Insurance-Legislation-Focus-on-Water-Levels
