Mold Damage and Homeowners Insurance
When you discover fungus growth in your home, you will have several concerns right away. A series of questions will be about the costs associated with this problem:
- Will you have extensive damage to belongings and structures in your home?
- Will you have to pay for cleanup and replacement of belongings?
- What role will insurance play?
The issue of homeowners insurance for mold problems is a bit tricky. In general, a policy will not cover mold damage if the fungus' presence is caused by a preventable plumbing leak, high humidity, or flooding. If a homeowner in Winter Springs, FL, has been negligent in home maintenance, resulting in mold growth, the problem is not likely to be covered.
A homeowners policy will typically cover mold remediation if the cause of the fungus growth was from a covered peril. These instances include the following:
- Snow or ice problems that result in water damage and subsequent mold growth
- Frozen pipes that burst and bring standing water into the home
- Sudden or accidental plumbing problems such as a hose that springs a leak
The key here is that these incidents were not caused by negligence on the homeowner. In these cases, the mold coverage will pay for aspects of the problem. To learn more about your policy, contact your insurance agent or work with a mold mitigation franchise that coordinates with insurance companies.
A professional mold cleanup plays a significant role in keeping costs down. A company that offers a rapid response can limit the fungus growth and prevent additional damage. A restore versus replace philosophy could also limit expenses. Thorough cleaning and the elimination of any moisture issues can prevent mold from returning. Coordination with insurance providers allows for a systematic billing system that results in claims being paid out more quickly.