Sinkhole Risk and Mine Subsidence Layer

Determine a Florida Property’s Predisposition to Sinkhole Property Damage and Comply with Mine Subsidence Insurance Regulations

 

For most Americans, a home is the single largest investment they will ever make—and yet few homeowners understand that comprehensive sinkhole coverage is not part of a standard homeowner’s insurance policy.

According to a 2010 Florida Office of Insurance Regulation report, the number of sinkhole claims in Florida continues to rise—perhaps due to soil type and other factors that make surface ground more susceptible to catastrophic collapse in that state. Our Florida Sinkhole Risk Data Layer predicts and scores—from low to very high—the relative risk of sinkholes in Florida using a comprehensive database of known sinkholes, as well as a proprietary methodology developed by a team of PhD-level scientists that analyzes soil and other factors that contribute to catastrophic ground collapse.

Meanwhile, many other states have passed legislation requiring homeowners in certain areas to carry additional Mine Subsidence Insurance (MSI) when purchasing or renewing a homeowner’s policy. Our frequently updated mine subsidence data can be used to assess the potential risk of property damage resulting from the collapse of underground mining operations, by identifying the existence and status of underground mines.

A gap in a homeowner’s insurance coverage puts more than the homeowner at risk. A variety of delivery options, including RiskMeter Online , can help insurers and mortgage lenders protect their investments from sinkhole risk as well as alert homeowners to the possible gap in their coverage—before it’s too late.

Insurers and mortgage lenders can use the CoreLogic Florida Sinkhole Risk data to:

  • Alert homeowner’s to the sinkhole risk gap in insurance coverage
  • Identify Florida properties to re-insure or require additional sinkhole insurance
  • More accurately price policies in Florida based on the level of sinkhole risk
  • Manage sinkhole risk and asset protection in Florida
  • Manage lending decisions based on level of probable uninsured sinkhole property damage

Insurers can use our Mine Subsidence Data Layer to:

  • Comply with certain state MSI regulations using data from CoreLogic that identifies the precise location, status and substrate of over 62,000 existing U.S. mines

CoreLogic Sinkhole Risk Data

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Order Sinkhole Reports

Download:

  • Florida Sinkhole Data Kit

RiskMeter Online™ is an on-demand insurance platform delivering natural hazard risk data to empower underwriters, agents and brokers to make fast and accurate property risk determinations. Learn more…

Natural Hazard Risk Solution

Click here to understand multi-hazard exposure at the property level.

Related products:

Choose a Delivery Option for our Natural Hazard Risk Layers that Best Compliments your IT Solutions and Business.

 

At CoreLogic, we offer several options for insurers and other industries to access our industry-leading natural hazard risk layers which include:

  • Shapefiles: Available for loading into your existing infrastructure
  • RiskMeter Online™ is an on-demand insurance platform delivering natural hazard risk data to empower underwriters, agents and brokers to make fast and accurate property risk determinations. Learn more…
  • FloodInsights: Web-based solution used to determine FEMA flood zones and Florida sinkholes by simply typing in an address. Learn more…
  • Web Service: Provides access to the data via a XML/SOAP interface
  • CoreLogic Consulting Services are comprised of leading GIS scientists, insurance professionals, and senior professional software developers. This team collaborates to craft end-to-end solutions that can be easily deployed and sustained in-house or via our Web Services program.
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Update Schedule

The Florida Sinkhole Risk and Mine Subsidence Layers are updated annually. All data sets integrate into RiskMeter Online™ or into your existing GIS platform.

Natural Hazard Risk Solution

Click here to understand multi-hazard exposure at the property level.

Related products:

Florida Sinkhole Risk Product Information Request

Fill in the form below to have an associate contact you. A complete form allows us to respond quickly and appropriately. Information will be used only in responding to your inquiry.

If you prefer, you may also reach us at (855) 267-7027 or send us an email at hazardrisk@corelogic.com

Thank you for your interest in CoreLogic. We look forward to assisting you.

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