What is Sinkhole Insurance and why is it important?

A sinkhole is a depression in the ground caused by a collapse of the surface layer, usually caused by erosion or underground water. Sinkholes can form naturally or be caused by human activity, such as mining or construction. They can range in size from a few feet across to hundreds of feet in diameter and can be very deep.

Sinkhole insurance is a type of insurance that is designed to provide coverage for losses resulting from sinkhole damage. It typically covers structural damage as well as the cost of repairs. Sinkhole Insurance is important because it provides financial protection from costly damage that can occur from sinkholes. Without insurance, homeowners may have to pay for all of the repair costs associated with sinkholes out of pocket. Sinkhole insurance can help to reduce the financial burden of repairing sinkholes, and can help to keep homeowners from experiencing a financial disaster if a sinkhole damages their home. 

If you live in an area that is known for sinkholes it's extremely important to carry sinkhole insurance. This specific insurance is affordable and can save you a lot of money in the long run. Not all companies offer this insurance, but here at Elevated Insurance Group located in Hershey PA we offer Sinkhole Insurance with nearly a dozen companies and can most likely bundle it with your auto insurance. Give us a call today at 717-500-1978 or email us at [email protected] to see if Sinkhole Insurance coverage is a good fit for you.