Mold Damage and Homeowners Insurance: An Overview of What Is and Isn’t Covered

3/4/2019 (Permalink)

Mold damage in a Deer Crest, UT home

Although fungus growth and mold damage is a common problem that homeowners have to deal with, most homeowners insurance policies are limited in what they cover in these situations. It is a good idea to get in contact with your insurance policy to determine exactly what your plan covers. Here is some important information you should know in case you ever have to deal with a mold issue in your home in  Deer Crest, UT.

When Does Homeowners Insurance Cover Mold Remediation?

If you encounter a severe fungus growth issue in your home, you will require the help of mold remediation specialists to address the issue and restore your home back to its original state. Most insurance homeowners insurance policies will cover damage that occurs due to a cause that is already covered by your insurance including:

• Lightning
• Burst pipes
• Fire
• Roof damage from falling objects or heavy snow
• Water damage caused by broken household appliances

How Much Will Insurance Cover?

If you learn that your policy does cover damage caused by mold in the situations mentioned, you will then need to find out if your mold insurance has a cap. Since mold remediation can be very expensive depending on your specific situation, your insurance might have a strict cap on what they’ll pay no matter the cause of the fungus growth.

Can You Increase Your Chance of Being Covered?

One essential step is ensuring that you are covered is prove that the mold damage occurred as a result of a covered crisis. Make sure to take plenty of photographs of the damaged area and provide any pictures you might have of the area before it was damaged. Do not try to move or clean anything.

It can be frustrating trying to figure out what mold coverage your homeowner's insurance plan offers, especially when you’re in the midst of dealing with a mold issue. Set up a meeting with your insurance provider before a problem occurs so you can already know what to expect.