If you reside in Western Pennsylvania, there is a very good chance that your home sits on top of an abandoned mine. Recently, a home in Latrobe had to be evacuated and then demolished because of the damage that occurred through mine subsidence. The poor homeowner not only lost her home, but still had to pay her remaining mortgage due to inadequate insurance coverage! Click here to read the full story: http://bit.ly/2oWLs5l.
Just like this Latrobe homeowner, many people do not realize that a standard home owner’s insurance policy does not cover mine subsidence issues until it is too late. Due to the large number of underground mines in our area, we recommend that all homeowners investigate whether their property could be at risk for mine subsidence by researching their address through the Pennsylvania Department of Environmental Protection or consulting with their insurance provider.
If you find that your home could be at risk, contact the Pennsylvania Department of Environmental Protection at 800-922-1678 to learn more about purchasing mine subsidence insurance. Mine subsidence insurance premiums* are based on the value of a home, up to $500,000.00, and are very affordable. For example, the cost of a mine subsidence insurance policy for a $250,000.00 property for one year of protection is approximately $132.50.
The attorneys at Quatrinini Rafferty are here for you no matter what life circumstance you might face. We hope that this blog post will encourage you to research your property locations and take the next steps to ensure that you and your loved ones are protected.
If you or a loved one are injured in an accident or incident due to hazardous conditions, visit our Personal Injury practice area to learn how we can help you pursue compensation.
To learn more about the fourteen attorneys of Quatrinini Rafferty and our many winning practice areas, visit www.qrglaw.com.
*Please note that the Commonwealth of Pennsylvania offers a discounted rate for senior citizens.
