It is always important to find out in advance if a mold problem can be covered by your Homeowners Insurance cover since mold removal can turn out to be extremely costly. The coverage usually varies from one policy to another as some will only cover mold remediation under certain circumstances. Mold invasion in a home can interfere with your current lifestyle as it can lead to severe allergies and health complications. Getting to know if your Homeowners Insurance can cover mold remediation gives you peace of mind when you encounter a mold problem.
Mold and Covered Causes of Loss
A Homeowners Insurance cover for mold remediation is based on the cause of the mold problem. There are several circumstances that can facilitate the growth of mold. In most cases, they are more likely to cover mold problem caused by a sudden and accidental issue rather than one arising from neglected home maintenance. Here are a few situations where losses arising from a mold problem can be covered by your Homeowners Insurance.
1. Sudden Pipe Bursts
A pipe burst that occurs unexpectedly causing an overflow of water into your drywall and beneath your floorboards is liable for cover. This can happen when you are away from your home and notice the leaks and signs of mold growth once you get back. It is also a good idea to inform your Insurance Company of the situation upon arriving home. This allows them to investigate the cause of the problem before arranging for mold remediation.
2. Water Damage Following a Fire
A Homeowners Insurance policy usually covers damage resulting from a fire. However, there are situations when mold problems may arise as a result of the water used to put out the fire. Since fire damage caused mold invasion that was not previously in your home, your Insurance policy is liable to provide cover form mold removal as well.
3. Heavy Snow during winter
The freezing temperature and cold climate during winter can lead to mold problems despite the regular maintenance of your house. Heavy snow can collect on your roof overnight before melting and collecting in your gutter. This can cause water to be trapped under your shingles and eventually into your attic. This can cause a serious mold problem when your attic floor is soaked with moisture. Since the selected type of Homeowners Insurance policy may cover other items in your house, such a situation may demand compensation to get rid of the mold problem.
When Does Homeowners Insurance Exclude Coverage for Mold?
Water Damage from a Leaky Roof
A Homeowners Insurance does not cover a mold problem that results from water damage caused by a leaking roof. This is considered your own fault as it is caused by neglected home maintenance.
Mold Problem as a result of Floods
Generally, Homeowners Insurance does not cover water damage caused by floods because it is a natural disaster that affects many people at once. This means that any other problem such as mold invasion that arises from floods is not liable for compensation unless you purchased a flood insurance cover.
Failure to Disclose Full Information about Your Property
In a situation where you never disclosed full information about other properties in your home that has been affected by molds, you can never be compensated as it is in violation with the Homeowners Insurance policies or agreement.
What to Do if Your Home Had a Mold Problem Before
The insurance industry always strives to limit risk. This means that they may not cover risky homes such as old buildings with old plumbing and old wiring, and neighborhoods with the high crime rate. Insurance companies may view your home as risky if it has a history of mold problems. In such situations, the Insurance Company may charge huge premiums for that coverage or decline a mold endorsement.
Some Insurance Companies may include mold abatement but assign a separate coverage limit including deductibles. Talking to your insurance professional is important as it helps you find out the extent to which Homeowners Insurance policy can cover mold remediation. They can also recommend the additions or changes that might prove to be beneficial based on your situation.
Most Insurance Companies may cover mold remediation if it was caused by sudden accidents rather than neglected home maintenance. Regardless of the type of coverage extended by your Homeowners Insurance Policy, it is always important to act promptly upon the discovery of mold or situations that might result in mold invasion.