Is your home covered for mold remediation?
Not all types of mold issues at home can be covered by a typical homeowner’s insurance policy. (Photo Credits)
Not all homeowners are aware that most household mold issues are not covered by insurance. Usually it is only covered when it is the direct result of an incident that is covered by a homeowner’s insurance.
Realtor’s website HouseLogic.com tackled this matter in one of their web posts. 24hr Water Damage Repair San Diego CA
“In most cases, if mold results from a sudden and accidental covered peril, such as a pipe bursting, the cost of remediation should be covered, says Ferguson. That’s because technically the pipe burst is the reason for the claim, not the mold itself. Claims are more likely to be rejected if mold is caused by neglected home maintenance: long-term exposure to humidity, or repeated water leaks and seepage.”
Read the rest of the explanation here.
What is not covered?
Personal finance website The Simple Dollar explained in detail the issue on molds and home insurance coverage. In one of their web posts, they shared some advice for homeowners who are having mold issues at home.
“Typically, standard homeowners policies do not cover water damage caused by “maintenance” problems. These include slower, ongoing problems like continuous water seepage or repeat leaks, ongoing humidity problems, problems related to your landscaping or drainage on the property, or condensation. You should also know that almost all homeowner’s policies generally exclude flood damage, so if your home develops mold from a flood this is probably not going to be covered.”
Check out the rest of the article here.
Reason to remediate ASAP
Since mold is very insidious and can grow by the minute, leaving it untreated s definitely not an option. It may not be covered by insurance, but it still has to be done lest the property value will surely dwindle, and health problems will start to occur if it has not.
The Centers for Disease Control and Prevention has published important information on mold issues, and recommends that it be treated as soon as possible.
“Severe reactions may include fever and shortness of breath. People with a weakened immune system, such as people receiving treatment for cancer, people who have had an organ or stem cell transplant, and people taking medicines that suppress the immune system, are more likely to get mold infections. Exposure to mold or dampness may also lead to development of asthma in some individuals.”
Read more from the original web post here.
Regardless of insurance coverage it is important to address mold issues for the whole household’s own good.