Subsidence

{
  "id": "MLC-T-INS-003230",
  "term": "Subsidence",
  "field": "Insurance and risk management",
  "definition": "The gradual sinking or settling of the ground surface, often caused by natural geological processes, mining operations, or the withdrawal of groundwater. This movement can lead to structural damage to buildings and infrastructure. Standard property insurance policies frequently exclude coverage for subsidence, requiring specific endorsements or separate policies.",
  "url": "https://mlchart.com/terminology/insurance/subsidence/"
}