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This optional sinkhole insurance typically costs between $2,000 and $4,000 a year. ... Blount said her sinkhole remediation project has cost between $300,000 and $400,000 — well beyond her ...
Homeowners insurance is still on the rise, on a rocket, really, in Oklahoma, which already had the most expensive coverage in the nation.. It costs $5,858 per year for $300,000 worth of coverage ...
Homeowners in other states, though, may not know that sinkhole insurance even exists -- and that they must ask for it to get it. In many states, coverage against sinkholes requires a separate policy.
Oklahoma has the most expensive homeowners insurance coverage in the nation, according to Insurance.com, an online insurance information provider and marketplace.. It costs $5,858 per year for ...
Sinkholes can swallow up cars, parts of roads and even houses. ... but the U.S. Geological Survey conservatively estimates that they have cost on average $300 million per year in damage over the ...
Sinkholes began popping up in and around the Tulsa area, with reports of cars driving into them. [9] Structures built along the riverfront, such as the River Spirit Casino and Riverwalk, were preemptively closed and began to be encapsulated in the river [10] as well as other known flood plain locations like the Tulsa Zoo. [11]
Florida is one of the only states that requires insurers to offer coverage for sinkholes. But is sinkhole insurance included in homeowners' insurance?
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