Does Homeowners Insurance Cover Mold?
June 12, 2020 Comments Off on Does Homeowners Insurance Cover Mold? About Mold, Cause Mold, House Mold, Mold, Prevent Mold, Property Maintenance, Residential Ben Fetzer

Insurance is meant to protect you from losses that are outside of your control, which is why it does not always cover mold damage in your home. Here’s what you need to know about your homeowners insurance and whether or not it covers mold. Keep in mind, individual policies vary, so you should refer to your own homeowners insurance policy to find out what coverage you have. 

Insurance Doesn’t Cover Neglect

Insurance companies are reluctant to cover anything that is the homeowner’s fault. Homeowners are expected to maintain their own properties in a manner that reduces risk. That is why your homeowners policy will probably not cover mold damage caused by humidity or neglect. You are expected to respond to leaks and damages on the property within a reasonable time frame in order to prevent mold infestations

Therefore, if you have mold growing on your walls due to a leak under your sink, you probably aren’t covered. If it was a sudden pipe burst that created the situation you may have some coverage, but long-term mold growth is something for which you are liable. 

Covered Perils

Insurance lists cover perils in its policies. These almost always include fire, lightning, wind or hail, explosion, riot, aircraft, vandalism, volcanic eruption, falling objects, smoke, weight of precipitation, and freezing. If damage from a covered peril resulted in mold, you will probably have some coverage. 

There are limits to mold coverage, and they vary by policy. This is because mold remediation can cost thousands of dollars depending on the extent of the damage. Typical limits range from $1,000 to $10,000. Refer to your policy for your limits. 

Flood Insurance is Different From Homeowners

Many people mistakenly believe their homeowners insurance provides coverage for floods, and this is almost always not the case. Flood insurance is an entirely separate policy. Even if you have flood insurance, if the damage to your home is caused by the movement of earth, it may be excluded in your flood insurance. To get this covered, you may have to purchase landslide insurance. The nuances in each insurance policy make it very important to evaluate your risks and understand your policy exclusions. 

Homeowners Insurance Offers Iffy Mold Coverage

The answer to the question about whether or not your homeowners policy covers mold damage is that it might. It is important to understand that properly maintaining your home will reduce many mold risks, and you should evaluate risks outside of your control to make sure you have the necessary insurance coverage.

Tags
About The Author
Ben Fetzer Ben Fetzer, is the founder and owner of Fresh Start Restoration of Kansas City. He is passionate about informing and educating you the customer. By providing you with insider industry information, he empowers you with knowledge and tools to properly compare companies and spot unethical sales practices. Which unfortunately is far too common in the mold remediation industry. By sharing stories and providing professional tips he gives you the ability to make the right decision for your mold problem! Ben is an experienced mold expert with over 15 years in the cleaning & restoration industry! He has received official training and certifications from the IICRC, ICRA, and NORMI. His history of high integrity and superior quality has made him a leader in the remediation industry. Thereby giving customers outstanding customer experience! Which has resulted in a long history of consistent 5-Star customer ratings since the company began in 2008!