Insurance
Homeowners Insurance in Indiana
Published September 24, 2026 · Last updated October 1, 2026
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Mine subsidence: the Indiana coverage gap
Southwestern Indiana sits on the Illinois Coal Basin. Old underground coal mines can collapse, and when they do, the ground above can sink. That's called mine subsidence. It can crack foundations, walls, and driveways.
Standard homeowners policies don't cover it. You have to add mine subsidence insurance to your policy.
Who can get it
If you own a home, farm, or business in one of these 26 counties, you can buy it:
Clay, Crawford, Daviess, Dubois, Fountain, Gibson, Greene, Knox, Lawrence, Martin, Monroe, Montgomery, Orange, Owen, Parke, Perry, Pike, Posey, Putnam, Spencer, Sullivan, Vanderburgh, Vermillion, Vigo, Warren, and Warrick.
That includes the Evansville, Terre Haute, and Bloomington areas.
What it costs
The state sets the price. For a home, it runs from $24 a year (for up to $25,000 of coverage) to $325 a year (for $475,001 to $500,000).
| Dwelling coverage | Yearly price |
|---|---|
| Up to $25,000 | $24 |
| $100,001 to $125,000 | $80 |
| $200,001 to $225,000 | $146 |
| $300,001 to $325,000 | $211 |
| $475,001 to $500,000 | $325 |
- Deductible: 2% of the coverage, but never less than $250 or more than $500.
- Living expenses: for $5 more, you can add up to $15,000 for hotel and living costs if subsidence forces you out. Insurers must offer it.
- Limit: up to $500,000 per building.
What to know before you buy
- You can add it any time, but it only pays for damage that starts after you buy it.
- It covers the building, not your belongings, land, or trees.
- It doesn't cover earthquakes, landslides, collapsed storm sewers, or active mining.
- Repairs may wait until the ground stops moving, so fixes are done once and done right.
It's not rare. The state's mine subsidence fund received 30 claims and paid out about $1.47 million in its 2024-25 fiscal year.
Tornadoes, wind, and hail
Tornado and wind damage is usually covered by a standard Indiana homeowners policy, and so is hail. What to check:
- Your wind and hail deductible. Some policies have a separate one, sometimes a percentage of your coverage.
- Your roof coverage. Some policies pay only the depreciated value for an older roof. Ask whether yours pays replacement cost.
- Your home inventory. Photos and videos of each room make a claim faster.
If a tornado damages your home, report it quickly, take photos, and make temporary repairs to stop more damage. Keep your receipts.
When your insurer can drop you
- Non-renewal: Indiana insurers generally must give you 45 days' notice before they decline to renew, and 10 days if it's for not paying your premium.
- Claims: insurers may look at your claims history when deciding whether to renew.
- After a disaster: the state has ordered temporary pauses on cancellations and non-renewals in declared disaster areas, so people have time to recover.
What changes your price in Indiana
- Your roof's age and material. Hail is a big driver of claims.
- Your home's rebuild cost.
- Your deductibles, including any wind and hail deductible.
- Your claims history.
- Add-ons like mine subsidence or sewer backup.
Not a quote or an offer. Your price comes from the insurance company.
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Hail or tornado hit your roof? See hail damage roof repair. Cracks in your foundation or a wet basement? See foundation repair and basement waterproofing.
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Landlord Insurance
Explore coverage options for a property you rent out.
Flood Insurance
Explore flood coverage, which standard home policies usually exclude.
Sources
- NAIC homeowners report (2022 data), via Insurance Information Institute
- Indiana Department of Insurance, Mine subsidence
- Indiana Department of Insurance, Bulletin 51A (cancellation and nonrenewal)
- Indiana Department of Insurance, Bulletin 191 (policy cancellation moratorium)
- Indiana Department of Insurance, Insurance claim tips