YOUR POLICY PROVIDES COVERAGE FOR A CATASTROPHIC GROUND COVER COLLAPSE THAT RESULTS IN THE PROPERTY BEING CONDEMNED AND UNINHABITABLE. OTHERWISE, YOUR POLICY DOES NOT PROVIDE COVERAGE FOR SINKHOLE LOSSES. YOU MAY PURCHASE ADDITIONAL COVERAGE FOR SINKHOLE LOSSES FOR AN ADDITIONAL PREMIUM.
SafePoint Insurance offers Sinkhole coverage as an optional endorsement on our Advantage HO-3 (Homeowners) and HO-6 (Condominium) product offerings.
Florida Statue 627.706 defines Catastrophic Ground Cover Collapse as : geological activity that results in ALL of the following:
Sinkhole coverage is automatically excluded and must be included via Endorsement SIC HO 09 SLC which can be purchased for an additional premium.