Insurance Coverage for Mold: Are You Covered?

Insurance Coverage for Mold: Are You Covered?

Insurance Coverage for Mold

The mere mention of mold tends to strike fear in the hearts of homeowners - and with good reason. Mold is not only toxic to your family as well as an eyesore, but it can also reduce your home's value by discoloring the walls and ceiling, rotting wood or ductwork, and creating a foul odor. To make matters worse, mold can be a nightmare to deal with if you aren't well-informed. To help you understand just what you're dealing with when it comes to insurance coverage for mold, this article contains a few tips and tidbits that could save you time, money, and effort.

Why can't you just bleach it?

Whether you have insurance coverage for mold or not, you may think Bleach is the answer. Bleach is a popular go-to for homeowners looking to solve the problem of mold removal on their own, but while bleach may be effective at removing mold and grout from bath tiles and vinyl shower curtains, it is NOT effective on semi-porous surfaces like wood and drywall. It can actually make your mold issue worse. For more information on this topic, check out our archived post: Can't I Just Bleach It?

Do you have insurance coverage for mold?

According to Allstate's Esurance division, homeowners' insurance coverage for mold depends on source. After a large influx of mold claims in the early 2000s, most states adopted limitations on mold coverage. Most policies will not provide insurance coverage for mold issues related to flood damage. For that, home owners need separate flood insurance, which averages $700 per year through the National Flood Insurance Program. If the mold is a result of a burst pipe or other covered peril, you may be able to utilize your insurance coverage for mold to repair damage and get rid of the mold spores.

The National Association of Realtors suggests taking an hour or two to review the language of your homeowner's insurance policy, especially as it pertains to water damage, making sure to look for mold exclusions or limitations. If you have questions about your insurance coverage for mold, call your agent for clarification.

What are the next steps?

Whether or not you have insurance coverage for mold, the mold needs to be remediated. A professional mold remediation specialist will provide you with an estimate for removal, and a mold cleanup process will be followed to properly remove and treat the contaminated areas in your home. The methods used for the remediation will vary, depending on the type of mold in your home and the effects of mold on the surface or material.

Call AdvantaClean at 877.800.2382 to set up a mold inspection or mold remediation service today.

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