The Kentucky Department of Insurance published a bulletin amending a previous bulletin on Mine Subsidence insurance rates, set to be effective January 1, 2025. 

The Mine Subsidence Insurance program covers loss to a structure caused by the collapse of underground coal and clay mines in Kentucky, a peril that is typically not covered by a homeowners policy.

Since the previous bulletin, the Department received multiple requests from within the insurance industry asking for the use of round numbers in the mine subsidence rate tables. The Department is responding to those requests by reissuing the rate table with rounded numbers.