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Declination of Illinois Mine Subsidence Coverage Affidavit Insured Name I understand that the property located at the following address: Street Address City Zip Code is eligible for the Illinois Mine

How to fill out illinois mine subsidence declination

How to fill out Illinois Mine Subsidence Declination:

1. Obtain the Illinois Mine Subsidence Declination form. You can download it from the official website of the Illinois Mine Subsidence Insurance Fund or visit their office to obtain a physical copy.
2. Fill out the top section of the form, including your personal information such as your name, address, phone number, and email address.
3. Provide information about the property in question, such as the address, county, and assessor parcel number.
4. Indicate whether the property is a residential, commercial, or government property.
5. If there is a mortgage on the property, provide the name and address of the mortgagee.
6. Read the declaration statement carefully and sign and date the form at the designated space.
7. Submit the completed form to the Illinois Mine Subsidence Insurance Fund through their preferred method, which can be mailing it or submitting it online.

Who needs Illinois Mine Subsidence Declination?

1. Homeowners in Illinois: If you own a property, especially in areas with known or potential mine subsidence risk, you may need to fill out the Illinois Mine Subsidence Declination form. It is important to assess the risks associated with mine subsidence and consider whether you need mine subsidence coverage.
2. Property buyers: When purchasing a property in Illinois, it is crucial to investigate whether the property is located in a mine subsidence area. Subsidence can lead to structural damage and pose a threat to the value and safety of the property.
3. Lenders and mortgagees: Mortgage lenders may require homeowners to obtain mine subsidence coverage as a condition for granting a mortgage loan. To fulfill this requirement, homeowners may need to fill out the Illinois Mine Subsidence Declination form if they decide to decline the coverage.

Note: It is always advisable to consult with an insurance professional or attorney to understand the specific requirements and implications of filling out the Illinois Mine Subsidence Declination form based on your unique situation.

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What is illinois mine subsidence declination?

Illinois mine subsidence declination is a form that property owners in Illinois are required to fill out to disclose whether their property is located in a mine subsidence area.

Who is required to file illinois mine subsidence declination?

Property owners in Illinois are required to file illinois mine subsidence declination.

How to fill out illinois mine subsidence declination?

To fill out illinois mine subsidence declination, property owners need to provide information about their property and indicate whether it is located in a mine subsidence area.

What is the purpose of illinois mine subsidence declination?

The purpose of illinois mine subsidence declination is to inform property owners about the risks of mine subsidence and to help them make informed decisions about their property.

What information must be reported on illinois mine subsidence declination?

Property owners must report information about their property, including its location and whether it is in a mine subsidence area.