The owners of a house in Falmouth, N.S. are reeling from the impact of a massive sinkhole that partially swallowed their home over the weekend.

Unsure of whether the damages will be covered by insurance, Heather Strickey said she’s concerned the sinkhole incident could plunge her and her husband Chris into bankruptcy.

“In our insurance policy it says our house is insured for collapse, and I don’t think you can ask for something more obvious,” Strickey told CTV Atlantic. “Our house is literally collapsing into a hole.”

At the moment, the property has been taped off and deemed too dangerous for the family to recover their possessions. The house is scheduled to be demolished later this week.

The Municipality of the District of West Hants, the region where Strickey’s home is, told CTV Atlantic that the sinkhole appears to be an isolated incident.

Still, the municipality is bringing geoengineers -- also known as climate engineers -- to examine the damage and determine the cause.

“Should the insurance company not cover us and do what I think the world expects to happen, we’re bankrupt, obviously,” Strickey said. “We can’t pay for a mortgage on a house we can’t live in.”

On Sunday, Strickey and her eldest daughter heard loud noises and thought someone had broken into their home.

Once police arrived at the scene, they found the cause of the commotion: the house was sinking into the soil.

“In the end, we’ve had 10 fabulous years here and knowing that that is now at an end is really sad,” Strickey told CTV Atlantic, referring to her community as a “dream neighbourhood.”

“The plus side is we’re still standing. Our house may be not, but we are still here.”

Until the findings are released, the house will remain under 24 hour surveillance.

With a report from CTV Atlantic