Did you know that an estimated $3.5 million is spent every year on sinkhole claims by home insurance companies in Florida?
Major damage to personal property and buildings can be caused by sinkholes – some occur naturally while others as a result of human activity. Sinkholes occur in all 50 states of the United States and are particularly common in Texas, Pennsylvania, Kentucky, Florida, Missouri, Tennessee, and Alabama. According to the USGS, about 20 percent of U.S. land is susceptible to sinkholes. However, Florida has the most sinkhole cases that result in complete loss of property and even fatalities.
In Florida, it is common for insurance companies to provide insurance coverage to homeowners that also include sinkholes. When it comes to repairing a home that is affected by a sinkhole, the cost can be extensive. Filing for a claim by yourself is not recommended because the settlements offered by the insurance companies are not equitable settlements by any means. You need help with your insurance claim. However, by bringing in a public adjuster, you can receive the fair settlement you deserve.
Detecting Signs of a Sinkhole in Your Yard
1. Fences or trees leaning unexpectedly
2. Formation of puddles after rain and unusually rapid water drainage
3. Slight depressions in your lawn
4. Cracks appearing in ceilings, tiles, and both exterior and interior walls
5. Foundation of the house exhibiting signs of slanting
Why Engage Florida’s Experienced Public Adjusters?
Understanding the challenges of handling a sinkhole claim, considered one of the most intricate insurance processes, is crucial for policyholders. The technical nature of sinkhole investigations, prolonged assessment periods, and complexities in property insurance coverage make it a formidable task for homeowners. As licensed Florida Experienced Public Adjusters, we leverage our expertise to facilitate the best possible settlement from your insurance provider. Renowned for delivering exceptional results, our seasoned public adjusters guide policyholders through the entire evaluation process, adeptly managing every obstacle that may arise. If you’re initiating a sinkhole claim or believe your current settlement is insufficient, reach out to us. We specialize in securing more equitable and satisfactory settlements, ensuring you receive the compensation you deserve.