Will the sinkhole laws in Florida change anymore in the next couple of years?
This is the question everyone is asking, and while I can’t be completely certain, my guess is that sinkhole laws will continue to change for the foreseeable future. Fortunately, as State Farm will continue to insure Florida residents, we will see some stability; if they had left, those residents would have been left to Citizens Property Insurance, a state-funded entity and the last resort.
Why changing laws are good
While we would never suggest a homeowner opt for a Citizens Insurance policy, the more Citizens is affected, the better the chance the government will make some changes – Citizens is funded by the state, so these changes directly impact the wallet of Florida’s government.
The sinkhole laws in Florida seem to morph every other year or so, and they will probably continue to do so. There is no perfect answer to the sinkhole problem in Florida, so we will simply try to make the best of it and adapt accordingly.
My recommendation is that, as a member of the community, you contact your legislator as sinkhole laws morph and insist that they protect our rights and choices as consumers. (Search for your legislators by zip code.) A lot of legislative activity in the past two years has not been “honest”, and the fact that these laws are not set in stone means there is an opportunity for positive change.
Why homeowners need to fight back
For example, Bill 742 reversed the sinkhole coverage for Hernando and Pasco counties. I say “reversed” because it was automatically taken out of your policy, and you had to request to have it reinstated. (Read more about this legerdemain in my post, Bill 742 Removes Sinkhole Coverage from Homeowners.)
Many homeowners in those counties will be caught unaware, which I think is unfair. As with most consumer issues, it is important to understand your rights and to contact your agent to discuss your coverage for sinkhole activity.
In addition, it’s important to contact your legislator and make your voice heard. Demand fair and reasonable sinkhole coverage for your home while you can!