Get the free ILLINOIS EXCESS MINE SUBSIDENCE PROGRAM APPLICATION

Submit by Email Print Form Managing General Agents×Surplus Line Brokers 300 West Main Street, P. O. Box 445, Belleville, Illinois 62222 ×618× 2330644 18008699976, Fax (618× 2330672 ILLINOIS EXCESS

How to fill out illinois excess mine subsidence

How to fill out Illinois excess mine subsidence:

1. Begin by obtaining the necessary forms: To fill out the Illinois excess mine subsidence form, you will need to obtain the appropriate forms from the Illinois Mine Subsidence Insurance Fund (IMSIF) or their website. You can download the forms or request them through mail.
2. Provide your personal information: The first step in filling out the form is to provide your personal information such as your name, address, contact information, and policy details if you have any existing insurance policies.
3. Describe the property: Next, you will be required to provide detailed information about the property for which you are applying for excess mine subsidence coverage. This includes the property address, legal description, type of building, number of units, and other relevant details.
4. Include property ownership documentation: It is necessary to include documentation proving your ownership or interest in the property. This could be a copy of the property deed, settlement statement, or any other legal document establishing your ownership.
5. Provide information about prior subsidence repairs: If any subsidence repairs have been made on the property in the past, you will need to provide details on the type of repairs, dates, and any warranties associated with those repairs.
6. Include a completed notice of disclosure form: The Illinois Mine Subsidence Insurance Act requires a notice of disclosure form to be completed and included with the application. This form ensures that you are aware of the potential for mine subsidence and your responsibilities as a property owner.
7. Submit the completed form and payment: Once you have filled out the form and gathered all the necessary documentation, you can submit it to the IMSIF along with the required payment. Make sure to follow the instructions provided by the IMSIF for submitting the form either online, by mail, or in-person.

Who needs Illinois excess mine subsidence:

1. Property owners in Illinois: Illinois excess mine subsidence coverage is particularly relevant for property owners in areas where there is a history or potential for mine subsidence. This includes areas with underground coal mines.
2. Homeowners and commercial property owners: The coverage is designed to protect both homeowners and commercial property owners against the damages caused by mine subsidence. It is crucial for those who own properties in eligible areas to consider this coverage, as regular homeowner's insurance policies may not cover mine subsidence.
3. Those seeking financial protection: Illinois excess mine subsidence coverage provides financial protection in the event of damages caused by mine subsidence. It helps cover repair costs, property damage, and can even include coverage for temporary relocation expenses in case the property becomes uninhabitable.

By following these step-by-step instructions and understanding who needs Illinois excess mine subsidence coverage, you can effectively navigate the process of filling out the form and ensure that your property is adequately protected.

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What is illinois excess mine subsidence?

Illinois excess mine subsidence refers to additional coverage that can be purchased to protect against potential losses due to mine subsidence beyond what is covered by standard insurance policies.

Who is required to file illinois excess mine subsidence?

Property owners located in areas prone to mine subsidence in Illinois may be required to file for excess mine subsidence coverage.

How to fill out illinois excess mine subsidence?

To fill out illinois excess mine subsidence, property owners can contact their insurance provider or a licensed agent to discuss coverage options and complete the necessary paperwork.

What is the purpose of illinois excess mine subsidence?

The purpose of illinois excess mine subsidence is to provide additional financial protection to property owners in the event of mine subsidence-related damages that exceed coverage limits of a standard insurance policy.

What information must be reported on illinois excess mine subsidence?

Information such as property location, value, previous claims history, and desired coverage limits must be reported on illinois excess mine subsidence applications.