☰ ˟
Quote Now
Facebook Icon  Linkedin Icon  Google Icon  Twitter Icon Yelp Icon Instagram Icon

Week Days: 8:00am To 8:00pm  |  Saturday & Sunday: By Appointment  | 

1-800-283-4225

Quote Now Book Appointment Manage Policy Refer a Friend
Logo
  • About Us
    • About Us
    • Meet Our Team
    • Our Blog
    • Join Our Team
    • Location Map
    • Privacy Policy
    • Refer a Friend
  • Personal Lines
    • Automobile
    • Umbrella
    • Property InsuranceImage of right arrow
      • Homeowners
      • Condo
      • Renters
      • Landlord / Dwelling Fire Policies
      • Equipment & Personal Property
    • Recreational Vehicle
    • Motorcycle, ATV & Snowmobile
    • Boat & Jet Skis
    • Mobile Home
    • Classic Car
    • Pet Insurance
    • Flood
    • Earthquake
    • Life Insurance
    • Disability Insurance
    • Long-Term Care
  • Business Insurance
    • Commercial Property
    • Commercial Auto
    • General Liability
    • Workers Compensation
    • Agricultural
    • Equipment
    • Group Life
    • Group Health
    • Key Person Insurance
    • Directors & Officers
    • Habitation
    • Liquor Liability
  • Other Business
    • Financial Planning & Investments
    • Policy Reviews
    • Risk Management Advice
    • Annuity Planning
  • Payment & Claim
  • Resources
    • Insurance Glossary
    • Blog
    • Refer a Friend
    • Book Appointment
  • Contact
    • Contact Us
    • Book an Appointment
    • Locations
Home > Blog > Does Home Insurance Pay for Mold Damage?
WEDNESDAY, JULY 15, 2020

Does Home Insurance Pay for Mold Damage?

During the summer, wet weather and high heat might put surfaces at risk of developing mold. While small amounts of mold are often relatively low-risk, accumulations might prove toxic. If mold begins to develop in your home, then you need to remove ithome in smithville indiana as soon as possible. You might wonder if your homeowners insurance might help you do so.

Your home’s insurance might be a benefit when mold develops. But, it will help only in certain circumstances. When you file a claim on your policy, you might have to prove how the mold developed. If you can’t, then you might have no coverage.

Understanding Mold

Mold is a fungus that can develop on hard surfaces when warm air interacts with standing water. There are many types of mold, and some are not a threat. However, certain types of mold might prove deadly if inhaled or ingested by humans. The more mold that accumulates, the more likely it is that such contact will happen. So, if mold begins to develop, you need to dispose of it. Usually, a little bleach or other household cleaner will do the trick.

Mold might develop inside air vents, on walls that are not properly insulated, around exposed piping or behind broken tiling in bathrooms. A small trickle of water might cause a puddle to build up over time, and eventually cause mold to develop.

But the thing about mold is that you usually can stop it well before it becomes a problem. As a result, most homeowners insurance providers won’t cover it.

Insurance for Mold Damage

Most homeowners policies do not cover mold damage because of specific policy language. Policies usually only cover household damage that results from unexpected or unpreventable hazards. So, if you failed to repair a pipe leak that caused mold to develop, then your policy likely won’t compensate you.

However, some mold might have coverage. For example, if a burst pipe causes a flood, then your policy might pay for repairs, cleanup and mold removal. Mold from other hazards might also have coverage if your policy covers the cause.

Yet, if severe weather causes the flood, then a homeowners policy is unlikely to cover it. To insure your property against flood damage, you will have to buy flood insurance. This coverage is separate and different from homeowners coverage.

If you are curious about how best to insure your home against mold damage, talk to your insurance agent. They can tell you where your policy will and won’t help and offer tips on where you might be able to increase your coverage.

 

Posted 4:19 PM

Tags: homeowners insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2021
  • 2020

  • homeowners insurance(2)
  • insurance(2)
  • cliams(1)
  • life(1)
  • auto insurance(1)
  • policy(1)
  • workers compensation(1)
  • coverage(1)
  • insurer(1)
  • homeowners(1)
  • home insurance(1)
  • slips(1)
  • liability(1)
  • car(1)
  • falls(1)
  • general(1)
  • questions(1)
  • accident(1)
  • hail damage(1)
  • commercial auto(1)

View Mobile Version

Resources

Payment Options
Report a Claim
About Us
Report a Claim
Our Carriers
Blog
Contact Us

Contact Us

  • 3209 Smithvalley Road, Suite 123
    Greenwood, IN 46142
Facebook Icon  Linkedin Icon  Google Icon  Twitter Icon Yelp Icon Instagram Icon

Affiliations

© Copyright. All rights reserved. | Powered by Insurance Website Builder