Shared well on the neighbors property

[Ray Thorsen]

I am looking at a property that has a shared well with 3 properties. The well is not on the property I am interested in. I otherwise like the property. The numbers work for my criteria. I am concerned because we have little control over the well even with a shared well agreement. What happens when the well fails and the other 2 do not have the funds to cover the repair? Worst case I thought I will drill my own well. I know that is a costly option but if I buy it with the well number built in we should be covered. Is there an escrow account that all three property owners could fund in advance. Anyone have any experience with this?? The property is in Wisconsin.