DMB Community Bank. A long-standing culture of community and entrepreneurship has allowed for multiple independent banks and credit unions in Madison, Wis., to prosper. Although,... Read more âº
Mine subsidence insurance costs $1 per thousand dollars worth of coverage a year. Private residences can be insured for $5,000 to $150,000. Other structures can be insured for up to $250,000. The insurance has a $250 deductible for residences and $500 for other structures. Only the structure can be insured, not its contents.
Predicting and Mitigating Subsidence Hazards. The exact place and time of a disaster related to subsidence cannot usually be predicted with any degree of certainty. This is true of both slow subsidence related to fluid withdrawal and sudden subsidence related to sinkhole formation or mine collapse. Mitigation is the best approach to these hazards.