INDIANA MINE SUBSIDENCE INSURANCE FUND

1. INDIANA MINE SUBSIDENCE INSURANCE FUND Common Questions Meghann leairdDirector of Dedicated Funds|Department of Insurance

2. Common Questions: • Where is mine subsidence coverage available? • What causes mine subsidence? • Why do mines collapse or subside? • Is all mine subsidence damage covered? • Why do policyholders need mine subsidence insurance? • How can carriers file a claim? • What happens when damage is attributable to mine subsidence? • How is a structure stabilized? • Are additional living expenses covered? • How is the carrier reimbursed? • What are the carrier’s responsibilities?

3. Where is mine subsidence coverage available? Clay Crawford Daviess Dubois Fountain Gibson Greene Knox Lawrence Martin Monroe Montgomery Orange Owen Parke Perry Pike Posey Putnam Spencer Sullivan Vanderburgh Vermillion Vigo Warren Warrick

4. What causes mine subsidence?

5. Why do mines collapse?

6. Is all mine subsidence damage covered? Damage to a structure caused by the collapse of underground coalmines Separate buildings must be insured separately

7. Why do policyholders need mine subsidence insurance? Clay Crawford Daviess Dubois Fountain Gibson Greene Knox Lawrence Martin Monroe Montgomery Orange Owen Parke Perry Pike Posey Putnam Spencer Sullivan Vanderburgh Vermillion Vigo Warren Warrick

8. How can carriers file a claim? • MeLeaird@idoi.in.gov • Name • Address • Phone number • Date of loss • Declarations page • Engineer will determine whether the damage is attributable to mine subsidence

9. What happens if the damage is attributable to mine subsidence? Establish monitoring points around the property Three months of non-movement required Solicit two repair estimates Pay Actual Cash Value

10. How is a structure stabilized?

11. Are additional living expenses covered? Optional: $15,000 ALE coverage on a dwelling structure “Dwelling structures” Residences, up to 4family units “Non-Dwelling Structures” appurtenant structures commercial buildings public buildings government buildings residential housing consisting of more than four family units Separate buildings must be insured separately

12. How is the carrier reimbursed? MeLeaird@idoi.in.gov Proof of payment Copy of final repair invoice(s) Copies of receipts for materials Indiana Code 27-7-9-12

13. What are the responsibilities of the carrier? • Report of premium and premium remittance, less 30% ceding commissions – quarterly • Submission of loss reports – semiannually • Adjustment of insured’s loss • Providing notice of claims • Assistance in development of loss reserves for reported claims • Submission of documents regarding claims in litigation

14. Questions about… • …mine subsidence insurance in general? • https://www.in.gov/idoi/2575.htm or MeLeaird@idoi.in.gov • …quarterly reports? • Email MineSub@idoi.in.gov • …paid loss detail reports? • Email MineSub@idoi.in.gov • …land restoration? • DNR Division of Reclamation - 800-772-6463

15. Any QUESTIONS? Ed Fujawa 317-234-6064 EdFujawa@idoi.IN.gov Meghann Leaird 317-232-2401 MeLeaird@idoi.in.gov

16. Sources • Slide 4 - https://www.in.gov/dnr/reclamation/2709.htm • Slide 5 - https://www.imsif.com/about-mine-subsidence/what-is-mine-subsidence • Slide 6 - http://www.duqlawblogs.org/energy/2015/02/18/mine-subsidence-in-pennsylvania/ • Slide 9 - Quality Environmental Professionals, Inc. (QEPI) • Slide 10 - Aigner Construction • Slide 11 - http://www.warricknews.com/news/local/article_899a7359-e37b-51c2-b52e-5eb164b40d2e.html • Slide 12 - https://indianaeconomicdigest.com/main.asp?SectionID=31&ArticleID=65238