Whether mold is covered by homeowners insurance can vary depending on the specific policy and the circumstances of the mold growth. In general, homeowners insurance policies cover sudden and accidental damage, but not necessarily gradual damage or wear and tear. Let's talk about those differences in more detail.
Mold Events that are Covered By Insurance
If the mold growth in your home is the result of a covered event, such as a burst pipe or a natural disaster, your homeowners insurance policy may cover the cost of mold remediation. For example, if a pipe bursts and causes water damage that leads to mold growth, the water damage and mold remediation may be covered under your policy.
Mold And Maintenance Issues
However, if the mold growth in your home is the result of a maintenance issue, such as a slow leak or insufficient ventilation, it may not be covered under your homeowners insurance policy. In these cases, you may be responsible for the cost of mold remediation.
It is important to review your homeowners insurance policy and speak with your insurance company to determine what is and is not covered. Some policies may have specific exclusions or limitations for mold coverage, so it is important to understand the terms of your policy.
How Clean and Restore Can Help
Many people feel unsure as to how to proceed, and may even be intimidated by the idea of dealing with an insurance company. Some will even put off dealing with restoration issues for these reasons. We want you to know that we're here to help. We have many years of experience dealing with mold remediation and work with insurance companies. Even if we don't end up doing mold remediation at your home or business, we may be able to offer some advice and guide you through some of the stressful aspects of the process. Please don't hesitate to give us a call.
How to Take Action Against Mold Problems
If you suspect that you have a mold problem in your home, it is important to take action to address it as soon as possible. If the mold growth is extensive or if you are unable to safely remove the mold yourself, it is recommended to hire a professional mold remediation company. The cost of professional mold remediation can vary depending on the extent of the problem, but it is typically more expensive than removing the mold yourself.
If you are concerned about the potential cost of mold remediation, you may want to consider purchasing additional mold coverage as an endorsement to your homeowners insurance policy. Mold coverage is typically available for an additional premium and may help cover the cost of mold remediation in the event of a covered loss.
In summary, whether mold is covered by homeowners insurance can depend on the specific policy and the circumstances of the mold growth. It is important to review your policy and speak with your insurance company to understand what is and is not covered. If you are concerned about the potential cost of mold remediation, you may want to consider purchasing additional mold coverage as an endorsement to your policy.