Sinkhole-Insurance Legislation: Focus on Water Levels (The Ledger)

Sinkhole-Insurance Legislation: Focus on Water Levels

  Wednesday, April 27th, 2011 Source: 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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