Does Insurance Usually Cover Mold?

11/28/2017 (Permalink)

Does Insurance Usually Cover Mold?

Mold and fungus growth is not often covered by a homeowner’s insurance policy in Pottsville, PA. If a home has a history of mold issues, mold coverage may be impossible to get. Part of the reason mold insurance is so rare is because of the level of damage this spore can do to a home. Not only can it be destructive, but it is also costly to remove. If you notice any signs of mold, it’s best to work with mold removal experts as soon as possible to help mitigate the damage done to your house.

Depends on the Damage Source

Some policies cover mold caused by certain water sources. For example, sudden catastrophes, such as burst pipes or sewer backups, are more likely to be covered than lingering maintenance issues. Your mold coverage likely will not include the following sources of water damage:

Continuous faucet leaks
Drainage problems in yard
Condensation buildup
Flood waters

Because coverage can depend on how the mold was caused, it’s important you investigate the source. This will help you figure out if the damage and cleanup is covered by your insurance policy.

Review Your Policy Regularly

Insurance policies can change as the years go by. Many providers choose to reword their coverage for fungus growth because this problem can spread so quickly in homes and lead to huge claims. In order to best understand your policy, you need to review it annually.

Look for a Change in Policy

You may be able to revise your coverage to get protection from the damage mold and fungus growth can do to your home. Some insurance providers may have a mold cap, which would limit the amount of mold coverage or the items the coverage pays for. Other providers may allow you to pay a higher premium for limited coverage related to mold. You should talk with your insurance provider in Pottsville, PA to learn more. Visit http://www.SERVPROpottsville.com for more information on mold.