mine subsidence coverage
Coverage for loss to property due to the sinking of a man-made mine. Buildings
in some states—such as Illinois, Ohio, Kentucky, and West Virginia—may be located
over abandoned mines. If the mine sinks, shifts, or collapses and damages the
insured property, such damage is excluded by the "earth movement exclusion."
A few states have mandated that insurers make coverage for mine subsidence available
to property owners who live in such areas. Typically, the property owner need
not request such coverage; it is added automatically. If the property owner
decides against the coverage, a signed rejection form may be required. As of
this writing, mine subsidence coverage is mandated for both commercial and residential
property in: Illinois (215 ILCS 5/801.1), Kentucky (KRS 304.44.–010), and West
Virginia (WVC 33–30–6). The coverage is mandated only for dwellings and farms
in Ohio (ORC 3939.50).
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