Does My Insurance Cover Mold?

1/10/2018 (Permalink)

Does My Insurance Cover Mold?

When it comes to mold and fungus growth in homes in Jamestown, NY you know that it can quickly get out of control. If you have to work with a professional to get the mold removed, this can be a costly process. Because of this, you want to look into mold insurance or mold coverage to see if you can get some help with the expense.

Water Damage Coverage

Water damage is one of the most common causes of mold in a home. However, if this damage is due to maintenance issues, it may not be covered by your standard homeowner’s insurance policy. Such maintenance issues might include:

Repeat leaks
Landscaping drainage system problems
Condensation
Ongoing humidity issues
Continuous water seepage

If mold and fungus growth are related to the issues above, or those that are similar, your policy could exclude them. It is important to read the fine print when you are getting your policy to see what it covers.

Specified Peril Policies

If the mold in your home is due to a specified peril, it may be covered. However, you have to look at the listed perils on your policy and be able to absolutely prove and one of these is the cause. It is not always obvious what caused you to have a mold issue. This is why most policies do not end up covering mold and the issues that it can cause. It is often recommended that you look into a separate policy that might cover it. Remember that mold is a common issue and one that you want to have some coverage for.

Since most insurance policies either do not cover mold or they might have a cap in place, talk to your insurance adjuster or a SERVPRO representative to determine what your options are. This ensures that you make the right choices in getting the mold in your home taken care of. Visit http://www.SERVPROjamestownolean.com for more information on mold.