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The presence of mold in a house can turn your dream home into a nightmare. No one wants to live in a house affected by mold. Knowing the effect that mold has on one's health, there's a growing quest on how to get rid of them. Often times, people ask the insurance company if the homeowners' insurance will cover mold. Questions like this and more are what we would be attending to in this post.
Homeowner's insurance covers mold only when mold occurs as a result of a specific problem covered by the insurance policy. Problems like water damage from a burst pipe can lead to mold formation.
For you to make a successful mold claim to your insurance company, you need to prove that the damage was sudden, and you reported it immediately to your insurer when you noticed it. If mold can cause damages that will need insurance claims, then it needs to be curbed.
The primary way to control mold in a home is to control moisture. Mold thrives on wet surfaces. Mold begins to grow in homes when mold spores land on wet surfaces. These mold spores are usually carried by air outside that is already contaminated by mold into the home.
It is good that you keep the air in your home and environment clean. It is also essential to regularly check your home for water leaks and ensure that they are handled immediately.
Mold, when left unchecked, can grow and become toxic. It leads to more severe reactions like difficulty breathing, fevers, a compromised immune system, and recurring lung infection.
Homeowners insurance provides financial protection for your home and personal belongings. However, the clarity of the parts of the home covered is the question.
Is mold removal covered by insurance? Is mold remediation covered by insurance? Questions like these and more will be answered in this post.
Mold inspection and remediation are not directly covered by insurance. Unless the cause of the mold in question is appropriately investigated to, let's say, pipe leakage or flood, in which case mold may be covered as part of the covered damage. Mold remediation insurance is complicated and should be ironed out with the company.
Before we move on, please note that one of the coverages of the homeowners' insurance policy is dwelling protection. It covers damages to the structure of the home you live in. These damages can be caused by fires, lightning strikes, windstorms, and hail. Some homeowners insurance policies cover structures on your property but are separate from your home, like a detached garage. Mold insurance claims may fall in categories like this if it fits this criterion.
On another occasion, homeowners insurance policies provide liability coverage for when someone not living with you sustains an injury on your property. Mold insurance may come into question when someone with allergic reactions to mold has a severe respiratory attack and then gets injured in the process.
Most homeowners insurance policies exclude coverage for mold damage except in cases where the mold was formed due to an already covered claim. Policies explain the mold damage claim in Florida, where property or house damages are only compensated for when an agreed claim causes it.
It doesn't matter the type of mold or its severity; insurance will only compensate for any mold attack arising from an already covered claim.
Most homeowners insurance policies protect you from water damage caused by accidental and sudden incidents such as a burst pipe or an overflow caused by a malfunctioning air conditioning unit.
If the resulting moisture from such an occurrence causes mold to form, you will be able to file a claim for mold removal and any damage to property caused by the mold under your water damage coverage.
Flood Insurance is a type of property insurance that covers damages or losses to properties caused by water due to flooding. Here, questions like, will home insurance cover mold? Will be answered, if a flood causes mold in your home, you can file an insurance claim under the flood insurance policy.
If a malfunctioning appliance causes mold in your home, you are covered. Mold remediation insurance is covered when mold is caused by a malfunctioning appliance as long as that appliance is a covered peril. It means that the insurance company has agreed to pay for specific events or situations.
Home insurance covers mold; if the mold at your home was caused by putting out a fire, homeowners insurance policies automatically cover it. It is so because this isn't a consequence of negligence.
Homeowner's insurance policy usually covers leaking roofs. When a leak in a roof causes mold, the homeowners' insurance policy covers it.
Most insurance companies will quickly dismiss a mold insurance claim, so if you notice mold in your home and think you are entitled to insurance, here are some tips to help you.
To prevent mold in your home, you'll need to follow the tips below
Our company can give you the best advice and help when it comes to mold-related damage and insurance. Call us at 888-202-1680 to learn more.