To be eligible for Mine Subsidence Insurance, these requirements
must be met:
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(1)
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Structure must be an occupied 1-4 family dwelling. All dwellings
must have at least 50% of the total living area occupied.
Seasonal properties are eligible for coverage. Builders' risks
are also eligible for coverage if construction/reconstruction is
intended to result in the creation of a 1-4 family occupied dwelling
structure.
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(2)
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Structures with incidental business occupancy are permitted if the
occupancy does not cause the structure to use a commercial rating
formula, and qualifies for homeowners or dwelling fire policies.
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(3)
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Structure must be located in an eligible county.
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(4)
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Structure must be covered by valid basic property, homeowners,
farm owners, or mobile home owners policies.
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(5)
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Coverage will be denied if material misrepresentation of facts
or circumstances concerning mine subsidence is made and if the
hazard of occupancy is increased by any means within the control
and knowledge of the insured.
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