What To Know About Insurance Coverage and Mold
What You Should Know About Mold Insurance Coverage
Stories of floods are becoming more common and so are horror stories about homeowners fighting fungus growth and mold destruction inside their homes. Whether it is a broken pipe or surging flood waters, the resultant damage can be catastrophic. That is why many people in Weymouth, MA, wonder if their insurance policy covers the flood damage created by mold-laden bacteria once the water is gone.
There is no simple answer to mold insurance coverage. Fungi, mold, and bacteria can all have a detrimental effect on property and require extensive reclamation efforts. A homeowner's insurance policy often limits mold damage coverage to those issues caused by situations that are already covered by the policy. In other words, if you have flood insurance and have a flood, the policy could cover all resultant issues, including mold. However, if you experience an earthquake and it causes broken pipes, the resulting flood and mold damage may only be covered if you have earthquake insurance.
Fungus growth can also result from frequent wet areas due to landscaping problems, repeat leaks, or continuous seepage. This type of property damage is considered a maintenance problem and typically not covered by insurance. Additionally, when insurance does include mold removal and cleanup, the policy often has a monetary cap for the project.
If you have questions about what your mold insurance policy does cover, consider talking to an insurance adjuster or representative to find out what your policy options are about mold coverage. If you already have mold issues in your home, call a mold remediation team and let the experts help you. The professionals can answer all your questions about mold growth as well as help with preventative measures.
Being proactive about your insurance coverage can be the first step in protecting your home from future fungus growth problems. If you know what your policy covers and what it does not cover, you can take charge of any changes you want to make before a flood strikes.