Does Homeowners Insurance Cover Mold?
If you're asking, "Does homeowners insurance cover mold?", I've got the answer for you...
ANSWER: Probably but It depends...
If your water pipes are insured against a sudden breakage (probably are) then your insurance company may cover any mold problems that arise due to the burst pipe. Similar when it comes to roof damage, etc.
However, mold itself is typically not covered unless you specifically asked for it and added an insurance rider for it.
Also, mold remediation won't be covered if it occurs due to the homeowners neglect. For instance, a pipe was leaking for a long period of time. The homeowner knew about it but didn't fix it and didn't dry out the area that got, and stayed, wet for an extended period of time.
More About Homeowners Insurance and Mold...
Homeowners insurance policies typically do not cover mold damage as a standard coverage, however it can be included as an optional coverage or rider.
It's important to check your insurance policy or speak with your insurance agent to determine, 'Does homeowners insurance cover mold'. Let us know if you would like us to talk to your insurance company on your behalf.
Even if your policy includes coverage for mold removal, there may be limits on the amount of coverage and certain conditions that must be met in order for a mold claim to be approved.
Some insurance policies may have exclusions or limitations on mold coverage, such as only covering mold damage resulting from a covered peril, like a burst pipe or water damage caused by a covered event such as a storm.
In other cases, the coverage may be limited to a certain dollar amount per incident or per year.
It's always important to be aware of the terms and conditions of your policy and to report any mold damage as soon as possible, in order to increase the chances of your claim being approved.
So, if you're asking, "Does homeowners insurance cover mold?' you should talk to your agent. Or we can do it for you.
If your homeowners insurance policy does not cover mold, you may want to consider purchasing additional coverage or a rider specifically for mold damage.
If you find yourself needing a mold inspection, contact us and we can talk to your insurance company on your behalf.