627.706  Sinkhole insurance.--

(1)  Every insurer authorized to transact property insurance in this state shall make available coverage for insurable sinkhole losses on any structure, including contents of personal property contained therein, to the extent provided in the form to which the sinkhole coverage attaches.

(2)  "Loss" means structural damage to the building. Contents coverage shall apply only if there is structural damage to the building.

(3)  "Sinkhole loss" means actual physical damage to the property covered arising out of or caused by sudden settlement or collapse of the earth supporting such property only when such settlement or collapse results from subterranean voids created by the action of water on a limestone or similar rock formation.

(4)  Every insurer authorized to transact property insurance in this state shall make a proper filing with the department for the purpose of extending the appropriate forms of property insurance to include coverage for insurable sinkhole losses.