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, including 1-4 family
dwelling structure condominiums. 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 as long as
all other eligibility requirements are met.
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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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