CoreLogic: Sinkholes more common, costly than homeowners realize

–(BUSINESS WIRE)–CoreLogic (NYSE. based software solutions to more than 40,000 appraiser professionals across the United States. In the second quarter of 2018, the Company repurchased 872,000 of.

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Sinkholes are a lot more common than many home owners realize, particularly in Florida, according to CoreLogic, a real estate analytics firm. A Florida man is presumed dead after a large sinkhole engulfed his entire bedroom last week, capturing headlines across the country.

By Richard A. McGrath, CIC, LIA One thing to be thankful for in 2013 was that the number of major natural disasters was relatively low. The bad news is that 2013 may have literally been the calm before the storm. According to the 2013 CoreLogic Natural Hazard Risk Summary and Analysis, "with the cyclical nature [.]

Florida, because of its karst terrain, is more susceptible to sinkholes than other. Sinkholes are a costly and frequent hazard to properties in Florida.. know if a property they are potentially purchasing could be affected by. be able to consider the costs of adding sinkhole insurance to their homeowner's insurance policy.

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 · A: Sinkholes are more common than most homeowners realize. And the hazard is one that insurance companies generally refuse to insure, according to real estate research firm CoreLogic.

By helping homeowners understand their potential risk and. For more information about CoreLogic Florida Sinkhole Risk data, click. data sources include over 3.3 billion records spanning more than 40 years.. 4 Motor Trend, ” Repairing National Corvette Museum Sinkhole to cost .2 million,” 2014.

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More than 225 readers called during the six hours the phone lines were open.. Leaky basements and water damage have been evident almost since the first snowfall, but what most homeowners can’t.

 · If you are one of the many Americans who are unsure how much equity you have built in your home, don’t let that be the reason you fail to move on to your dream home in 2016! Meet with a local real estate professional today, who can help you.

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