Thursday, August 9, 2012

DEP Reduced Mine Subsidence Insurance Rates

The Department of Environmental Protection says it has reduced rates for Mine Subsidence Insurance (MSI). The MSI premium for a residence has been reduced by about 15 percent. The premium for a non-residence was reduced by more than 50 percent, so that it now matches residential rates. The maximum coverage available for a single structure is $500,000.

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