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.
If you see signs of subsidence in your home, don't panic because it can be fixed. If you suspect your home is subsiding the first thing you should do is check your home insurance covers subsidence as the insurer will be able to help advise you on the best course of action.