Homeowner’s Insurance and Mold: What’s Covered and What’s Not?

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Homeowner’s Insurance and Mold: What’s Covered and What’s Not? on avanteinsurance.com

Spotted mold in your home? Learn if the remediation is covered by your homeowner’s insurance.

Mold is one of those dreaded things to find in your home or on your property. There have been many stories in the news over the last decade or so about how mold spores can be toxic and harmful if breathed in over time.

Mold can also dramatically decrease your home’s overall value by leaving walls, floors or wood damaged. It’s most often found in humid, warm, damp areas where moisture can easily collect, but in truth, mold can be found anywhere. If you are sensitive to mold, you can have pretty serious symptoms including:

 

  • • Nasal stuffiness.

 

  • • Eye irritation

 

  • • Difficulty breathing

 

  • • Wheezing

 

  • • Skin irritation

 

Most common places for mold

Mold spores spread and reproduce when in a favorable environment, so it is critical to eradicate it if found in your home. The most common areas for mold growth are bathrooms, basements, around windows, crawl spaces and any area in your home susceptible to flooding. You can generally smell and/or see mold, so you do not have to worry too much about not knowing it is there. Mold usually appears as slightly fuzzy, discolored, or slimy patches that increase in size as they grow.

Insurance coverage for mold remediation

Depending on the size of the area in question, mold remediation can cost anywhere from a few hundred to a few thousand dollars to thoroughly treat. Unless it is a tiny spot, you will most often need to enlist the services of a mold remediation specialist who can ensure that the mold problem in your home is properly treated and is entirely eliminated. Many wonder whether any portion of this cost is covered under general homeowner’s insurance policies. Most often, the answer to this depends somewhat (as you might expect) on your specific plan as well as the source of the mold.

For example, if the cause of the mold is flooding, then you will likely find that your homeowner’s policy will not cover the necessary repair work. Flood insurance is usually a separate policy that protects your home when it is impacted by heavy rain, storm surge, snow melt, or other water damage.

However, if the mold is caused by something that is covered under your homeowner’s insurance policy, then you might find that your homeowner’s policy provides some coverage. A good example of this is if your policy covers damage from a busted pipe, then any mold that is a result of this damage may be covered. You should check the specifics of your policy to be sure.

Preventing mold in your home

Mold needs moisture in order to grow, so eliminating problematic moisture sources is key to preventing mold growth. Other things that you can do to prevent mold growth in your home include:

 

  • • Clean up any spilled water immediately

 

  • • Use bathroom fans when showering

 

  • • Clean exterior gutters and route excess rainwater away from your home.

 

  • • Keep indoor humidity levels below 60% if possible.

 

  • • Vent your appliances

 

Avante Insurance provides strong homeowner’s insurance coverage and our team can answer any questions you may have about flood insurance and coverage for mold damage. Call our team today at 1-305-648-7070 for a quote.