Discovering mold in your home or place of business can be devastating. There are different types of mold to be aware of. Toxic mold can lead to serious health problems if the mold isn’t removed. Some types of mold cannot be removed easily. For example, bleach doesn’t remove mold spores from porous surfaces. Mold removal services can be expensive depending on where it is growing and the amount of mold that needs to be removed. If you are a homeowner, a business owner or a property manager, you’ll want to know if your homeowner’s insurance covers mold removal.
Will My Homeowner’s Insurance Cover Mold?
Take the time to look at the language of your homeowner’s insurance policy that addresses water damage. Look for any limitations and exclusions in regards to mold growth. Contact your insurance agent if you have any questions about mold removal and remediation coverage. Many homeowner’s insurance policies will cover mold removal services if it results from a “peril.” A peril is an accidental event or a sudden incident that occurs in your home or to your home. Examples of perils are damage caused by lightening or a fire, damage caused by vandalism or theft and damage caused by vehicles. A peril that will most likely be the culprit for mold growth is the accidental overflow of water which occurred from a household appliance, furnace or air conditioner, plumbing or sprinkler system. If the water damage wasn’t cleaned up and the affected area restored, mold growth may have occurred. Homeowner’s insurance claims from these non-weather-related perils are very common. Your homeowner’s insurance policy may cover the mold removal cost, clean-up and repairs when one of these perils occurs.
When Homeowner’s Insurance Will Likely NOT Cover You
Homeowner’s insurance policies typically don’t cover mold growth that has resulted from high humidity in your home or a preventable water leak. Insurance companies expect homeowners and business owners to take care of their properties. If you live in an area where it is humid year-round, do your best to keep the humidity down inside your home or place of business. Keep your air conditioner running and use a dehumidifier. Properly ventilate your bathrooms so they don’t become the ideal environment for mold growth. If you have an old roof, replace it before water leaks inside your home. It’s very important to stay on top of your home and business maintenance.
Is My Home Covered For Mold Growth in Case of a Flood?
Most standard homeowner’s insurance policies do not cover your home or place of business in case of a flood. The mold growth that occurs after a flood will not be covered either. You can purchase additional coverage for floods. However, if mold growth occurs after a flood, you still may not be covered. If a flood occurred and you didn’t hire a professional water clean up and restoration company to restore your property, any mold growth may not be covered. An insurance company may cite the cause as neglect. When a property is flooded, a water damage restoration company should be hired to dry, clean and restore the property.
Buying Mold Insurance
If your homeowner’s insurance policy doesn’t include mold coverage, you can add the coverage for an additional fee. This is advisable if you live in an area where there is high humidity or an area that is more susceptible to flooding. Talk to your insurance agent about adding this extra coverage.
If you notice mold growth in your home, you should have a professional consultation from a mold removal services company. We take pride in our exceptional mold removal services. We will work with you and your insurance company on your mold removal cost.
If you’d like to know more about how we can help you, call us for a FREE Consultation at (504)326-6999.