Category: Insurance Policies and Coverage Issues

October 12, 2015 by Morgan Barfield

  Q: I am in agreement that the “Sinkhole Survey” inspections are an underhanded (and illegal) tactic to reduce their liability. FS 627.706(1)(b) states that the “…insurer shall make available, for an appropriate additional premium, coverage for sinkhole losses on any structure.” It goes on to say that the insurer can inspect the property prior…

September 14, 2015 by Morgan Barfield

This is an issue that arises in some claims, especially where the homeowner owns a larger lot or acreage. Insurance policies in Florida do specifically state that they carrier only insures the house and not the land the house sits on. This language was hotly debated many years ago as insurance companies argued the theory…

July 16, 2015 by Morgan Barfield

Selling to a sinkhole-distressed investment company is a very good option for some of our clients. These companies will typically purchase a sinkhole-distressed property that has not been repaired for a significantly low value and then fix it and sell it for a profit.