What the sinking of U.S. cities means for homeowners and how to prepare

At Extreme Investor Network, we are always on the lookout for emerging trends and risks that could impact your personal finances. One of the lesser-known threats that homeowners may face is land subsidence, a phenomenon where the ground beneath cities sinks, leading to structural damage and increased flooding risks.

According to assistant professor Mehdi Nemati from the University of California, Riverside, land subsidence can cost U.S. homeowners up to 8.1% of their home value in areas with high subsidence rates. This is a significant financial risk that many homeowners may not be aware of.

Standard homeowners insurance usually does not cover land subsidence, so it’s essential for homeowners to understand the risks and consider purchasing specific coverage for subsidence caused by nearby mines or mining activity.

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But what exactly causes land subsidence? Both natural processes, such as glacier recession, and man-made activities, like groundwater extraction and heavy building practices, contribute to land sinking. As cities continue to develop and expand, the risk of land subsidence only grows, putting infrastructure and homeowners at risk.

At Extreme Investor Network, we aim to provide you with valuable insights and information to help you protect your investments and financial well-being. Stay informed and stay ahead of the curve by keeping up with the latest trends in personal finance and real estate. Remember, knowledge is power when it comes to securing your financial future.

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