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Cornerstone’s Joshua Butts Discusses Sinkholes with WTSP 10 News

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Florida sinkhole insurance coverage is an important topic for homeowners across the state, where sinkholes are a fact of life. Sinkholes can appear suddenly and cause devastating damage to homes, foundations, and property. So is it a sure bet that your insurance will cover against them? Read the latest from WTSP to learn more. Cornerstone Insurance agent and founder Joshua Butts was a featured contributor to the story.

Florida sinkhole insurance coverage - sinkhole damage to home

What Florida Homeowners Should Know About Sinkhole Coverage

Many Florida homeowners are surprised to learn that standard homeowners insurance policies do not automatically include sinkhole coverage. Catastrophic ground cover collapse coverage is included in every Florida homeowners policy by law, but that is a narrow peril limited to a sudden collapse that condemns the home. Actual sinkhole-loss coverage, which pays for structural cracking and foundation damage from sinkhole activity, is not automatic and requires a separate endorsement or rider. This is especially important for residents living in areas prone to sinkhole activity, including parts of Hillsborough, Pasco, and Hernando counties.

Florida sinkhole insurance coverage typically helps pay for structural repairs, foundation stabilization, and other costs associated with sinkhole-related damage. Without proper coverage, homeowners could face tens of thousands of dollars in out-of-pocket repair costs. Before issuing a sinkhole-loss endorsement, insurers typically require a property inspection, and these endorsements usually carry a separate sinkhole deductible, commonly 1 to 10 percent of your Coverage A dwelling limit. Insurance companies in Florida are required by law to offer sinkhole coverage as an add-on to your policy, but it is not included by default.

If you live in a sinkhole-prone area, it is essential to review your current homeowners insurance policy to ensure you have adequate protection. A qualified independent insurance agent can help you understand your options and find the right level of coverage for your home and budget. Do not wait until damage occurs to find out whether you are protected.

Contact Cornerstone Insurance today to discuss your Florida sinkhole insurance coverage options and make sure your home is properly protected. Get a free quote to compare your options. Call us at 1-877-277-2715 for a free consultation.

Isabel R.
Thank you Laura for your outstanding service. A very affordable home insurance
Lins M.
My husband and I have had a fantastic experience with Cornerstone Insurance. We've used them for both our home and auto insurance. We had the privilege of working with Joshua and Karen; both of them are awesome insurance agents. They were very prompt and kind in their responses and very helpful with any questions we had. Thank you for working with the Carroll family!
Jean D.
Excellent service from Kari
Bill H.
My insurance agent is Kyle Wilson. There is none better!! He handles my personal insurance needs and I as a Realtor refer to him my Real Estate Clients. I consistently refer my clients to at least 2 if not 3 different agents for competitive quotes and each time they say to me that "Kyle" is the one who is the quickest to respond and that he really knows his profession. He is helpful and there for you when you need him. I would go to no other than Kyle for all of my insurance needs.
Ana V.
After weeks of frustration with my previous agency, I found James Bonn at Cornerstone and couldn't be happier. He got everything handled quickly and seamlessly, found me better coverage at a comparable premium, and had it all bound within 24 hours. He even coordinated with my lender and canceled my old policy. If you need homeowners insurance in Florida, call James. Highly recommend!