If you have mold in your home, you may be wondering if the cost of mold remediation is covered by your insurance policy. The answer to this question depends on a few factors, including the type and extent of the damage and the cause of mold growth.
Let’s take a closer look at how insurance companies approach mold remediation.
What Causes Mold Growth?
Mold growth can occur for a variety of reasons, ranging from water damage due to plumbing leaks or flooding to inadequate ventilation in high-humidity rooms.
In order for an insurance carrier to cover any associated costs with mold remediation, they must first determine that the cause of the mold was due to an event or occurrence that is covered under your policy; otherwise, they will deny coverage.
For example, if a pipe burst and caused flooding in your basement that then led to mold growth, this would likely be covered by your standard homeowners’ insurance policy.
Types Of Coverage For Mold Remediation
Suppose it is determined that your policy does indeed cover the cost of removing and repairing any damage caused by mold growth. In that case, there are typically two types of coverage available: structural coverage and personal property coverage.
Structural coverage covers any repairs necessary to restore damaged walls, floors, ceilings, etc. In contrast, personal property coverage covers any items that were damaged as a result of the mold (for example, furniture or clothing).
Depending on your policy limits and deductible amounts, you may also be able to file multiple claims over time for ongoing issues related to the same incident or occurrence.
Conclusion
In short, yes – many times, insurance will cover some or all of the costs associated with mold remediation. However, since this can vary based on individual policies and the specific circumstances of each case, it’s important to double-check with your insurer before proceeding with any action plan involving removal and repair work.
Nevertheless, taking care of any potential issues with moisture build-up in your home is always recommended; not only can it help avoid costly repairs down the line, but it can also improve air quality inside your home!
Pure Maintenance of Texas can provide you with the expertise to determine if your mold remediation project is covered by insurance. Get in touch today for more information!