December 22, 2006
No Sinkhole Insurance Please, Plead Homeowners In Florida County
By Priya Jestin, Staff Writer
Residents in Pasco County, Florida may get some relief on the homeowners insurance cost front. That’s if you believe the state lawmakers who say they have a possible solution at hand. Florida’s insurance regulation commissioner is considering a proposal to allow residents to opt out of mandatory sinkhole coverage. This coverage is currently required for all Citizens’ customers in Pasco County.
Most homeowners in this region feel they are forced to buy unnecessary coverage. They claim that they shouldn’t be required to purchase sinkhole protection when most sinkhole claims are filed west of US 19 along the coast. Citizen’s Insurance claims that it pays out, nearly 90 thousand dollars per sinkhole claim.
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