Bills have been introduced in the Tennessee House and Senate that would make various changes concerning insurance coverage of sinkhole losses and subsequent structural repair.
Under present Tennessee law, every insurer offering homeowner's property insurance in the state must make available coverage for insurable sinkhole losses on any dwelling, including contents of personal property contained in the dwelling, to the extent provided in the policy to which the sinkhole coverage attaches.
The House bill, HB 1005, makes the offering of such coverage optional instead of mandatory and removes the provision whereby coverage is "to the extent provided in the policy to which the sinkhole coverage attaches."
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