Mines and Minerals Rights
What are the key covers, features and benefits?
This cover is usually required when the rights to the minerals beneath the land or the right to mine such minerals are excepted or reserved from the title. Should a third party exercise their right to the mines and/or minerals beneath a property, this type of policy would indemnify the insured against a reduction in its market value and cover the sum payable in accordance with a court of law to free the property from those rights and the costs and expenses of any legal action, or the cost of demolition and any alteration of the property which would allow for the extraction of such minerals.
Bespoke Price Match is applicable – click here for more details.