Most homeowners will not be able to tell where and when sinkholes will appear since sinkholes form below the ground. The major issue with sinkholes is that they are very hard to examine and expensive to fix. It is true that you can test for sinkholes but the problem is that the result might not be 100 percent accurate.
If you have identified sinkholes in or near your home, you should contact Triumph to get a clear idea regarding sink holes claims Tampa. This will help you to decide whether you are eligible for filing a sinkhole claim. Triumph will also assist you in getting a fair settlement from your insurance company.
Sinkholes Insurance Coverage
Homeowners need to note that sinkholes are actually grouped under the earth movement category along with earthquakes. This means that damages caused to your home due to sinkholes will not be covered in a standard homeowners or property insurance policy. However, you will be able to add sinkhole coverage as a separate option to your existing policy.
Property insurance is usually based on the value of the commercial building or residential home. This means that property insurance will not consider the value of the land. It doesn’t cause any damage to the building, then your insurance company may not offer coverage.
Sinkholes can cause serious damage to your residence or commercial building, release toxic chemicals, and cause injuries. So, it is best to take the necessary steps to prevent sinkholes and get a clear understanding.