IMPORTANT NOTICE
The 2015 legislative session has recently ended and resulted in changes to the law on mine subsidence coverage. The maximum limits of coverage have been increased from $200,000 to $500,000 for new business and renewals effective July 1, 2015 and after.
If an existing policyholder currently has mine subsidence coverage, companies will be allowed to adjust the policyholder's mine subsidence limits upon renewal to correspond with the property owner's policy limits on a covered dwelling or structure.
- Indiana Mine Subsidence Reinsurance Agreement
- Insurance Premium Rate Table
- Company Reporting Information
- FAQ's for Consumers and Insurers
The Indiana Mine Subsidence Program, created by The Indiana State Legislature, protects home and property owners in 26 affected counties in southwestern Indiana along the Illinois Coal Basin.
Due to the nature of the damage, standard policies do not cover mine subsidence claims. For protection, you must purchase mine subsidence insurance as an addition to your current policy. Subsidence insurance can be added to your homeowners policy at any time. To be eligible for a claim, your property must be insured prior to any damage from mine subsidence.
- Mine subsidence insurance is available to anyone with basic fire coverage.
- Mine subsidence insurance is available from your property and casualty insurance agent.
Premiums are structured to put mine subsidence insurance within your reach. For a reasonable rate, you can insure your home or other structures for up to $500,000 per structure. The deductible for subsidence insurance is two percent of the policy (with a minimum deductible of $250.00 and a maximum of $500.00).
Damages not covered by mine subsidence insurance include:
- Losses caused by earthquake, landslides, volcanic eruptions, collapse of storm sewer drains, or active mining.
- Land, trees, crops or other plants and the contents of the structure are also not covered by mine subsidence insurance.
If you have purchased mine subsidence insurance and suspect your property is being damaged by mine subsidence, call your insurance agent. Your insurance agent will assist in filing a claim with your insurance company. If necessary, a qualified engineer will assess the claim.
In some instances, repairs will have to be delayed until the subsidence has stopped. Once this occurs, final and permanent repairs can be made. Without coverage, you will have to pay for these home repairs.
If you own a home, farm or commercial property in one of the designated counties, you are eligible for mine subsidence insurance.
Clay | Owen |
Crawford | Parke |
Daviess | Perry |
Dubois | Pike |
Fountain | Posey |
Gibson | Putnam |
Greene | Spencer |
Knox | Sullivan |
Lawrence | Vanderburgh |
Martin | Vermillion |
Monroe | Vigo |
Montgomery | Warren |
Orange | Warrick |
Claims Filed
The Indiana Mine Subsidence Insurance Fund received the following number of claims in each fiscal year indicated:
FY 18/19 - 67
FY 16/17 - 39
FY 15/16 - 42
FY 14/15 - 28
FY 13/14 - 32
FY 12/13 - 35
FY 11/12 - 22
FY 10/11 - 16
FY 09/10 - 6
FY 08/09 - 18
Claims Paid
The Indiana Mine Subsidence Insurance Fund paid the following amounts in claims in each fiscal year indicated:
FY - 18/19 - $ 3,752,697.70
FY 16/17 - $ 4,522,439.00
FY 15/16 - $ 3,388,872.00
FY 14/15 - $ 1,780,077.00
FY 13/14 - $ 694,764.00
FY 12/13 - $ 1,526,599.00
FY 11/12 - $ 505,173.00
FY 10/11 - $ 590,184.00
FY 09/10 - $ 515,957.00
FY 08/09 - $ 576,936.21
Insurance Premium Rate Table
- Insurers are required to offer up to $15,000 of coverage for additional living expenses (ALE) caused by mine subsidence damage to a structure in which the insured resides, subject to waiver by the insured. The cost of the additional living expense to be added to the policy is $5, the same ceding commission applies. Additional living expense rates are effective as of January 1, 2017.
Dwellings
Coverage Amount | Premium |
$0 TO $25,000 | $24.00 |
$25,001 TO $40,000 | $30.00 |
$40,001 TO $60,000 | $36.00 |
$60,001 TO $75,000 | $42.00 |
$75,001 TO $100,000 | $60.00 |
$100,001 TO $125,000 | $80.00 |
$125,001 TO $150,000 | $98.00 |
$150,001 TO $175,000 | $114.00 |
$175,001 TO $200,000 | $130.00 |
$200,001 TO $225,000 | $146.00 |
$225,001 TO $250,000 | $163.00 |
$250,001 TO $275,000 | $179.00 |
$275,001 TO $300,000 | $195.00 |
$300,001 TO $325,000 | $211.00 |
$325,001 TO $350,000 | $228.00 |
$350,001 TO $375,000 | $244.00 |
$375,001 TO $400,000 | $260.00 |
$400,001 TO $425,000 | $276.00 |
$425,001 TO $450,000 | $293.00 |
$450,001 TO $475,000 | $309.00 |
$475,001 TO $500,000 | $325.00 |
Non - Dwelling
Coverage Amount | New Premium | |
$0 TO $25,000 | $42.00 | |
$25,001 TO $35,000 | $48.00 | |
$35,001 TO $45,000 | $54.00 | |
$45,001 TO $55,000 | $60.00 | |
$55,001 TO $65,000 | $66.00 | |
$65,001 TO $75,000 | $72.00 | |
$75,001 TO $85,000 | $75.00 | |
$85,001 TO $100,000 | $90.00 | |
$100,001 TO $125,000 | $115.00 | |
$125,001 TO $150,000 | $138.00 | |
$150,001 TO $175,000 | $159.00 | |
$175,001 TO $200,000 | $179.00 | |
$200,001 TO $225,000 | $207.00 | |
$225,001 TO $250,000 | $230.00 | |
$250,001 TO $275,000 | $253.00 | |
$275,001 TO $300,000 | $276.00 | |
$300,001 TO $325,000 | $299.00 | |
$325,001 TO $350,000 | $322.00 | |
$350,001 TO $375,000 | $345.00 | |
$375,001 TO $400,000 | $368.00 | |
$400,001 TO $425,000 | $391.00 | |
$425,001 TO $450,000 | $414.00 | |
$450,001 TO $475,000 | $437.00 | |
$475,001 TO $500,000 | $460.00 | |
Company Reporting Information
Please note that in conjunction with the changes to IC 27-7-9 effective July 1, 2015, the Indiana Department of Insurance has updated the mine subsidence reporting forms and procedures. Mine subsidence reports will now be submitted in electronic format to a dedicated e-mail address, MineSub@idoi.IN.gov, to be used by all companies for submission of mine subsidence reports. Please review the document titled “MS Instructions” for detailed guidance and revised reporting schedules.
MS Instructions – Summarizes Mine Subsidence Insurance Fund Company Reporting Requirements, Reporting Deadlines and Department Mine Subsidence Contacts
OPTins - File Online Premium Taxes for Insurance
Premium and Policy Summary Report – An expansion of the “Premium Summary Report” used in the past
Policy Detail (Excel) – Submit electronically to IDOI at intervals specified in Mine Subsidence Instructions
Incurred Loss Detail (Excel) – Submit electronically to IDOI at intervals specified in Mine Subsidence Instructions
For information regarding Mine Subsidence please contact:
MineSub@idoi.IN.gov