Definition
A sinkhole is when the ground suddenly collapses—the earth literally caves in beneath you. It's catastrophic, rare in most places, but common in Florida and other karst areas. Insurance becomes difficult or impossible to get in sinkhole country, and property values can drop significantly.
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Find my pathAbout this term
Sinkholes are catastrophic geological events that can damage buildings and make properties uninsurable. Sinkhole risk exists in Florida, Texas, and other karst areas. Sinkhole insurance is expensive or unavailable in high-risk areas. Geological assessment should evaluate sinkhole risk.
Pro Tip
In sinkhole-prone areas, require a geological assessment and verify insurance is available before buying. These risks are real and can affect resale.
Example
A property in central Florida with sinkhole risk requiring specialized geological assessment.