Does Insurance Cover Mold Remediation?
When Insurance Will and Won’t Cover Mold Remediation
One of the unwelcome consequences of water damage, dampness or humidity is mold overgrowth. People who are sensitive to mold experience wide-ranging health problems including wheezing, nasal stuffiness, coughing, throat irritation, skin and eye irritation. Those who are allergic to mold can experience severe reactions. Mold can worsen the health condition of those who are immune-compromised or have chronic lung/respiratory illnesses. The costs of mold-related diseases are as high as $22.4 billion annually in the U.S. alone as per the Journal of Environmental and Public Health.
Mold is a fungus that occurs naturally and is not visible to the naked eye. Reproducing with the help of spores, mold can infiltrate buildings easily. Mold insurance is an absolute must for homeowners given the high cost of repair and maintenance of buildings that have been damaged by mold.
What does insurance cover mold remediation?
Homeowners insurance typically covers mold damage only when a "covered peril" causes it. The “covered perils” for which mold remediation is covered by insurance companies include:
- Malicious mischief
- Damage due to vehicles
- Falling objects
- Weight of snow, ice, or sleet
- Frozen pipes
- Accidental water overflow from heating, plumbing, sprinkler systems, air conditioners, and household appliances
When does insurance not cover mold remediation?
Home insurance policies do not cover mold remediation if it resulted from preventable causes such as flood, water damage, or high humidity. Homeowners are expected to take preventive measures to avoid mold damage that includes professional cleaning, drying, and regular maintenance.
Standard homeowners’ policies will not provide mold remediation cover for “maintenance” problems such as repeated water leaks, continuous water seepage, humidity problems, and ongoing issues related to condensation, landscaping or drainage. Most homeowners’ policies also do not cover flood damage which is usually provided as a separate add-on.
Addressing water damage at it's onset with the help of professionals at SERVPRO of Hunt Valley/Lutherville is the ideal way to prevent the costly expense of mold remediation.