Premiums for sinkhole insurance through the Missouri Property Insurance Placement Facility, also known as the FAIR Plan, are decreasing, state insurance regulators say. The new rate structure, which is the result of an actuarial study conducted by the FAIR Plan, …
Missourians can now purchase sinkhole coverage through the FAIR Plan, the Missouri Department of Insurance reported. The plan started issuing the standalone Sinkhole Loss policy earlier this year to supplement an applicant’s primary coverage. Sinkholes are depressions or holes in …
This post is part of a series sponsored by CoreLogic. Owning a home is one of the largest investments most Americans will ever make and yet few homeowners understand that comprehensive sinkhole coverage is not part of a standard homeowner’s …
Florida’s largest insurer of homes and businesses, state-backed Citizens Property Insurance Corp., will ask its board to approve a sizable premium increase — 400 percent– for providing coverage on sinkhole policies, a company spokeswoman said this week. The company will …
