What does homeowners insurance cover when it comes to mold?
Unfortunately, mold is a common issue that many homeowners face. To make matter worse, mold growth can create unsafe living conditions and result in serious damage to your home. Luckily, many homeowners insurance policies offer coverage for mold damage. Here’s what you need to know when it comes to mold in your home and your insurance coverage.
Coverage for Mold Damage
First things first, it’s important to remember that every home insurance policy is different. To find out exactly what your policy covers, you need to review your policy and speak to your insurer. Most standard homeowners insurance policies will offer coverage for mold remediation and repair.
There are some caveats to this coverage. To start, some policies will only offer coverage for mold damage if the mold is a result of a covered peril. For instance, if your policy protects against broken pipes, then you would have coverage for the mold growth that results from a broken and leaky pipe.
It’s also important to note that your insurance will likely not offer coverage for the mold that develops as a result of your negligence, such as a preventable water leak. Additionally, your policy will not offer coverage for mold that resulted from flooding, high humidity or anything that a homeowner could have proactively taken action to prevent. Finally, your insurance policy will not cover for maintenance or repairs for mold that was already in your home before you purchased your home insurance policy.
To avoid any surprises, thoroughly review your homeowners policy and familiarize with mold coverage inclusions and exclusions. Also, if you have additional questions regarding your home insurance coverage, contact an insurance professional at Westwood Insurance Agency today.