Florida received a grant of more than one million dollars to study sinkholes. Geologists are looking to figure out why sinkholes occur where they do. The end goal of this study is to creat a detailed map that shows where sinkholes are likely to occur. One of the geologists participating in this report said, "If someone could do that, they'd be a very wealthy person." While the Tampa Tribune article about this study does not specifically state whether insurance companies will use the information from this study, one has to believe that they will, if they feel the results are valid. Insurance companies are in business for one reason, to make money. If they believe that the results will help them do that, they will certainly follow the map, and find a way to not insure homes that are likely to have sinkholes.
By Robert Sparks Attorneys