What does Sinkhole Collapse mean? Read on to discover the definition & meaning of the term Sinkhole Collapse - to help you better understand the language used in insurance policies.
Sudden sinking or collapse of land into underground empty spaces created by the action of water on limestone or similar rock formations. Sinkhole collapse does not occur everywhere but is common in Florida and Pennsylvania. This peril is covered in all three of the commercial property causes of loss forms. It is not covered by the basic homeowners policy, but coverage may be added by endorsement.
We hope the you have a better understanding of the meaning of Sinkhole Collapse.