Sinkholes ruin tax base, people’s dreams

by Michael Mosher on August 20, 2013

Post image for Sinkholes ruin tax base, people’s dreams

When a dream sinks

Boohoo, Hernando County is losing out on tax revenues from sinkhole homes.

What about the people who bought their life’s dream just to find out their homes were on unstable ground? These people should be suing counties for allowing building without underpinning to prevent sinkhole damage. What a novel idea — preventative measures.

How can people pay for repairs when the cost is so high and insurance coverage is minimal (and expensive), at best? Florida leaves much to be desired.

B.J. Johnson, Spring Hill

 

Beneficiaries should make repairs

Homeowners who collect money from an insurance company for a sinkhole but do not repair it should be charged with fraud. The rest of the policy holders in Florida pay the price with higher premiums.

Recently I became aware of a homeowner receiving a payment from Citizens Insurance for a sinkhole. No repair was done, but now they have new air conditioning, kitchen roof and pavers around the home and driveway. So, if they sell the home, and there is a sinkhole problem that owner will get a payout for the sinkhole. Or, was it fraud to begin with and there was no sinkhole?

If counties want an accurate tax base, then inspect to be sure the repair work is done. Those administering Citizens need to stop this practice. Or, is it easier to bow to the sinkhole lawyers than to do what is right for all Florida insurance customers?

Full article…here

Previous post:

Next post: