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.
Heave is the opposite of subsidence, when the ground becomes so saturated that it swells and pushes up against the structure. It causes similar damage but, at the moment, is much less common in the UK. Your home insurance policy should also cover landslip, where the ground literally starts to slide down a slope.