Sinkhole insurance throughout Michigan, with offices in Jenison, Sparta, Holland, Byron Center and Martin.
Sinkholes are more common than you might think. And, surprisingly, damage from sinkholes is not typically covered under an existing household policy. Our experts can help you determine if sinkhole insurance is right for you.
Around a fifth of the land in the United States is at risk of sinkholes. This is most commonly because limestone or similar rock beneath the surface dissolves. When this happens, the results can range from minor cosmetic damage in road surfaces to the sinkhole swallowing up a car or even causing part of a home to collapse.
You should never assume your existing household policy will cover sinkhole damage. Home insurance policies in some states cover “catastrophic ground collapse,” but this usually has heavy restrictions and only covers the most dramatic sinkholes.
If your policy does mention covering sinkholes, check if it is restricted to natural phenomena. If so, sinkholes relating to mining won’t be covered, for example.
Sinkhole insurance is one of those insurance policies where there’s a low chance you’ll need to make a claim, but if you do it could be for an extremely large amount.
To find out more about sinkhole insurance and whether it’s right for you, contact us today.