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.
Subsidence caused by mining can be predicted in terms of the strength and extent of damage except when a pillar collapses or a tunnel close to the surface falls in. This mostly occurs in very old mines. The manifestation extent to such subsidence is only in the immediate locality of the mines plus a very small area around it.