Personal Insurance: Sinkhole Inspection Program

SafePoint Insurance offers Sinkhole coverage as an optional endorsement on our Advantage HO-3 (Homeowners) and HO-6 (Condominium) product offerings.

Florida Statue 627.706 defines Catastrophic Ground Cover Collapse as : geological activity that results in ALL of the following:

1. The abrupt collapse of the ground cover;
2. A depression in the ground cover clearly visible to the naked eye;
3. Structural damage to the covered building, including the foundation; and
4. The insured structure being condemned and ordered to be vacated by the governmental agency authorized by law to issue such an order for that structure.

Sinkhole coverage is automatically excluded and must be included via Endorsement SIC HO 09 SLC which can be purchased for an additional premium.

Safepoint has an approved vendor – ROL Insurance Consulting who will conduct the inspections. There is a pre-arranged fee of $90 which is due from the policyholder at the time of inspection to be paid directly to ROL Insurance Consulting. If the policyholder hires an independent company to inspect the property the cost will be solely their responsibility and must meet be completed by a professional engineer, a professional geologist, a geotechnical engineer, or other individual or entity recognized by Safepoint as possessing the necessary qualifications to properly complete the inspection.

All New and Renewal policies in which the coverage is requested will be subject to inspection. The inspection does not guarantee coverage, nor is the fee refundable. The inspection will document existing damage, evaluate the structural integrity of the dwelling and verify that there is no current or proximate sinkhole activity that has not been disclosed. Safepoint will review the inspection findings and if approved the coverage will be added.

If the policyholder wishes to elect Sinkhole coverage the customer or the agent should order the inspection online at www.rol-ins.com/default/sinkhole-survey-order. The policyholder will be contacted directly by ROL Insurance Consulting to schedule the inspection. Sinkhole Loss Coverage Selection/Rejection form SIC SLC –R (Download Here) must be completed and signed by all named insureds and received 90 days in advance of the renewal date and no later than 45 days prior to the submission of the change request.