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Mine Subsidence Insurance
You may need mine subsidence insurance If you own structures located in an area where underground coal and clay mining has occurred, there is a chance that your structure could be damaged by collapsing mines. Mine subsidence causes millions of dollars of damage each year. In the late 1950′s, the private insurance industry excluded mine subsidence coverage from standard homeowners insurance policies due to costs and difficulties associated with the highly technical nature of mine subsidence claim investigations. In 1961, the Commonwealth of Pennsylvania established the Mine Subsidence Insurance Fund to provide a reliable source of insurance against losses caused by underground coal and clay mine subsidence.
Free Mine Subsidence Insurance Quote
The Pennsylvania Department of Environmental Protection (DEP) uses the expertise in its mining programs to administer this nonprofit insurance program, which is sustained by policyholder premiums and not tax receipts. DEP strongly encourages those who own structures in the coal and clay mining regions of Pennsylvania to contact the insurance professional who provides their homeowners insurance and ask them if Mine Subsidence Insurance coverage is needed. If it is needed, your insurance agent can submit your application. It is inexpensive. The average policy, which provides more than $90,000 worth of coverage, costs less than $90 a year, and the Mine Subsidence Insurance Fund has never failed to pay a valid claim. You can pay a little now to protect yourself, or a lot later.
Premium Table:
Residential Mine Subsidence Insurance Rates
|
Desired Coverage |
Annual Premium |
Senior Citizen Premium |
| $5,000 | $10.00 | $9.00 |
| $10,000 | $13.00 | $11.70 |
| $20,000 | $19.00 | $17.10 |
| $30,000 | $25.00 | $22.50 |
| $40,000 | $31.00 | $27.90 |
| $50,000 | $37.00 | $33.30 |
| $60,000 | $43.00 | $38.70 |
| $70,000 | $49.00 | $44.10 |
| $80,000 | $55.00 | $49.50 |
| $90,000 | $61.00 | $54.90 |
| $100,000 | $67.00 | $60.30 |
| $110,000 | $73.00 | $65.70 |
| $120,000 | $79.00 | $71.10 |
| $130,000 | $85.00 | $76.50 |
| $140,000 | $91.00 | $81.90 |
| $150,000 | $97.00 | $87.30 |
| $160,000 | $103.00 | $92.70 |
| $170,000 | $109.00 | $98.10 |
| $180,000 | $115.00 | $103.50 |
| $190,000 | $121.00 | $108.90 |
| $200,000 | $127.00 | $114.30 |
| $210,000 | $133.00 | $119.70 |
| $220,000 | $139.00 | $125.10 |
| $230,000 | $145.00 | $130.50 |
| $240,000 | $151.00 | $135.90 |
| $250,000 | $157.00 | $141.30 |
| $260,000 | $163.00 | $146.70 |
| $270,000 | $169.00 | $152.10 |
| $280,000 | $175.00 | $157.50 |
| $290,000 | $181.00 | $162.90 |
| $300,000 | $187.00 | $168.30 |
| $310,000 | $193.00 | $173.70 |
| $320,000 | $199.00 | $179.10 |
| $330,000 | $205.00 | $184.50 |
| $340,000 | $211.00 | $189.90 |
| $350,000 | $217.00 | $195.30 |
| $360,000 | $223.00 | $200.70 |
| $370,000 | $229.00 | $206.10 |
| $380,000 | $235.00 | $211.50 |
| $390,000 | $241.00 | $216.90 |
| $400,000 | $247.00 | $222.30 |
| $410,000 | $253.00 | $227.70 |
| $420,000 | $259.00 | $233.10 |
| $430,000 | $265.00 | $238.50 |
| $440,000 | $271.00 | $243.90 |
| $450,000 | $277.00 | $249.30 |
| $460,000 | $283.00 | $254.70 |
| $470,000 | $289.00 | $260.10 |
| $480,000 | $295.00 | $265.50 |
| $490,000 | $301.00 | $270.90 |
| $500,000 | $307.00 | $276.30 |
| Notes: | ||
| 1. Residential structures have a $250 deductible. | ||
| 2. Senior Citizen’s Rates (at least 65 years of age) only apply to primary residence – does not include detached garage/outbuilding. | ||
Premium Table:
Non-Residential Mine Subsidence Insurance Rates
|
Desired Coverage |
Annual Premium |
| $5,000 | $20.00 |
| $10,000 | $26.00 |
| $20,000 | $38.00 |
| $30,000 | $50.00 |
| $40,000 | $62.00 |
| $50,000 | $74.00 |
| $60,000 | $86.00 |
| $70,000 | $98.00 |
| $80,000 | $110.00 |
| $90,000 | $122.00 |
| $100,000 | $134.00 |
| $110,000 | $146.00 |
| $120,000 | $158.00 |
| $130,000 | $170.00 |
| $140,000 | $182.00 |
| $150,000 | $194.00 |
| $160,000 | $206.00 |
| $170,000 | $218.00 |
| $180,000 | $230.00 |
| $190,000 | $242.00 |
| $200,000 | $254.00 |
| $210,000 | $266.00 |
| $220,000 | $278.00 |
| $230,000 | $290.00 |
| $240,000 | $302.00 |
| $250,000 | $314.00 |
| $260,000 | $326.00 |
| $270,000 | $338.00 |
| $280,000 | $350.00 |
| $290,000 | $362.00 |
| $300,000 | $374.00 |
| $310,000 | $386.00 |
| $320,000 | $398.00 |
| $330,000 | $410.00 |
| $340,000 | $422.00 |
| $350,000 | $434.00 |
| $360,000 | $446.00 |
| $370,000 | $458.00 |
| $380,000 | $470.00 |
| $390,000 | $482.00 |
| $400,000 | $494.00 |
| $410,000 | $506.00 |
| $420,000 | $518.00 |
| $430,000 | $530.00 |
| $440,000 | $542.00 |
| $450,000 | $554.00 |
| $460,000 | $566.00 |
| $470,000 | $578.00 |
| $480,000 | $590.00 |
| $490,000 | $602.00 |
| $500,000 | $614.00 |
| Note: Non-residential structures have a $500 deductible. | |
* Source: http://www.dep.state.pa.us/MSIHomeowners/ratetables.html
Give us a call for Mine Subsidence Insurance in PA
412-833-1500
We are a Pittsburgh Insurance agent specializing in Pennsylvania mine subsidence insurance.
We offer mine subsidence insurance for residential properties along with commercial buildings everywhere in the State of Pennsylvania including Allegheny County, Washington County, Aleppo Township, Aspinwall , Avalon, Baldwin, Bell Acres, Bellevue, Ben Avon ,Bethel Park, Blawnox, Brackenridge, Braddock Hills, Bradford Woods, Brentwood, Bridgeville, Carnegie, Castle Shannon, Chalfant, Cheswick, Churchill, Clairton, Collier Township, Coraopolis, Crafton,Crescent, Dormont, Dravosburg, Duquesne, Deer Township, Edgewood, Edgeworth, Elizabeth, Emsworth, Etna, Fawn, Findlay, Forest Hills, Forward, Fox Chapel, Franklin Park, Frazer, Glassport, Glen Osborne, Glenfield, Green Tree, Hampton, Township, Harrison, Haysville, Heidelberg, Homestead, Indiana, Ingram, Jefferson Hills, Kennedy Township, Leet, Leetsdale, Liberty, Lincoln,Marshall, McCandless, McDonald, Millvale, Monroeville, Moon Township, Mt. Lebanon, Mt. Oliver, Munhall, Neville, North Braddock, North Fayette, North Versailles, Oakdale, Oakmont, O’Hara Township, Penn Hills, Pennsbury Village, Pine Township, Pitcairn, City of Pittsburgh, Pleasant Hills, Plum, Port Vue, Reserve, Richland Township, Robinson Township, Ross Township, Rosslyn Farms, Scott Township, Sewickley, Sewickley Hts., Sewickley Hills, Shaler Township, Sharpsburg, South Fayette, South Park, South Versailles, Springdale, Stowe, Tarentum, Thornburg, Trafford, Turtle Creek, Upper St. Clair, Verona, Versailles, Wall, West Deer, West Elizabeth, West Mifflin, West View, Whitaker, White Oak, Whitehall, Wilmerding.