Kentucky Moves to Raise Mine Fund’s Home Insurance Limit

March 31, 2010

The General Assembly has passed a bill that would allow the Kentucky Department of Insurance to pay homeowners up to $300,000 for damage resulting from geologic shifts triggered by mining.

The current limit allowed to be paid to homeowners from the Kentucky Mine Subsidence Insurance Fund is $100,000.

Democratic state Sen. Jerry Rhoads of Madisonville worked the change into a House bill that received final passage this week. That bill requires additional training for people who do blasting at coal mines.

Democratic state Rep. Jim Gooch of Providence said he was pleased the mine subsidence language was attached to the bill and that it received final passage.

A spokeswoman for Gov. Steve Beshear said he will review the bill before deciding whether to sign the legislation into law.

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