Does Homeowners’ Insurance Cover Mold Remediation?

12/22/2017 (Permalink)

Does Homeowners’ Insurance Cover Mold Remediation?

Mold is not just a structural problem—it is a financial problem, too! Depending on the extend of the damage, mold remediation can be an expensive and time-consuming process, which is why many people want to know: does insurance cover fungus growth? The answer is, not normally. That said, there are some instances in which an insurance provider may cover the cost of remediation efforts. If you’re interested in learning more about mold coverage, here is what you need to know:

Most Homeowners’ Policies Don’t Cover Mold Damage

Most homeowners’ insurance policies exclude coverage of damage caused by mold, bacteria and fungi, mostly because those are all issues that, in the company’s opinion, could have been prevented. However, just because your policy doesn’t cover mold damage doesn’t mean that your claim will automatically be denied. If the damage was caused by a sudden, accidental and unpreventable peril, such as a pipe bursting or a sewage backup, the cost of remediation should be covered. In these instances, it would be best to hire a professional mold remediation company in Peoria, Arizona to perform a thorough inspection and pinpoint the cause of the fungus growth.

Additional Mold Insurance May Be Helpful

If your home has poor ventilation, if you live in an area prone to flooding or if you simply want to be prepared, additional mold coverage can be helpful. Your homeowners’ insurance agent can assess your personal risks and help you build a policy that will protect you when accidents do happen.

Unfortunately, not all agencies are willing to provide a rider for mold, as the risk may be too great. If that is the case for you, you can always turn to a specialty firm for coverage.

Though fungus growth is a common issue, it is not typically covered by homeowners’ insurance policies. If your home has been severely damaged by mold, reach out to the mold remediation company near you. It can provide a thorough assessment of the damage and work with insurance adjusters to negotiate a payout that will alleviate as much of your financial burden as possible.
Visit http://www.SERVPROpeoriawestglendale.com for more information on mold.