A sinking feeling in Pasco and Hernando
Once again, property owners in sinkhole-prone Pasco and Hernando counties are getting shafted by the governor and Legislature.
A new law taking effect in January gives insurance companies the option of summarily dropping property owners who have standard sinkhole coverage – a major protection that helps people fix their homes when a sinkhole is detected.
Instead, insurance companies will be allowed to offer residents new policies that only provide sinkhole coverage for “catastrophic groundcover collapse,” in which homes essentially are destroyed and uninhabitable.
For property owners, it’s no consolation that the insurers will be permitted to offer standard coverage as an add-on – at additional cost.