West Virginia Adjusters Practice Exam

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Under what conditions can an insurer not pay out for mine subsidence coverage?

  1. If the insured has executed a proper waiver

  2. If the insured's area is not prone to mine subsidence

  3. If the insured’s current policy covers less than 80% of the property's value

  4. If the insured requested the exclusion in writing

The correct answer is: If the insured has executed a proper waiver

An insurer cannot pay out for mine subsidence coverage if the insured has executed a proper waiver. This means that the insured has waived their right to receive coverage for mine subsidence. Options B and C are incorrect because the insured's area being prone to mine subsidence and the coverage amount of the policy do not affect the insurer's ability to pay out for mine subsidence coverage. Option D is incorrect because the request for exclusion must be made by the insurer, not the insured. Overall, option A is the only condition that would prevent the insurer from paying out for mine subsidence coverage.

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