On May 3, 2012, homeowner Lou Lambro woke to discover this one hundred feet wide and fifty feet deep sinkhole forming in his yard.
According to local news outlets, Mr. Lambro had sinkhole insurance and his property has been labeled as a total loss. The entire nation followed this story, reminding policyholders of the importance of sinkhole coverage. Florida has a great propensity for sinkhole activity, so it is imperative that policyholders verify that they have the necessary coverage.
Take a look at this clip to see the full story:
https://youtube.com/watch?v=XJ82dZR0d0Y%3Frel%3D0
It is important to remember to vacate your home immediately if you encounter a sinkhole similar to the one Lou Lambro discovered in his back yard. It is truly remarkable how fortunate Mr. Lambro and his family are. Sinkholes can cause catastrophic ground collapse in just seconds, leaving no time to flee to safety.
For more information on sinkholes and insurance coverage, I suggest you read the following blog posts:
- Trying to Change the Past: Are the New Sinkhole Laws Retroactive?
- Vindication: Federal Court Protects Florida Policyholders’ Vested Contractual Rights
- Sinkholes Endangering the Living and the Dead – Pennsylvania Sinkhole Wreaks Havoc
- Proper Sinkhole Repair Often Requires More Than Grout; Know Your Rights Under Your Insurance Policy and Florida Statutes
- Florida’s New Insurance Consumer Advocate Weighs In on Sinkhole Rates
If these blogs do not answer your questions, then please contact an insurance professional.