Does Homeowner's Insurance Cover The Costs Of Mold Remediation?
Finding out that your basement is contaminated with mold is not good news. Mold is not only harmful for your health, but it can also be very difficult to get rid of. If you are in this position and want to get the mold cleaned up as quickly as possible, you may want to begin the process by contacting your homeowner's insurance company. There is a chance that your insurance policy might cover the costs of mold remediation. Here are a couple things to know about this.
Every policy is different
It's very hard to know whether the costs of mold remediation will be covered by your home insurance policy without calling your insurance company. Every company has different rules and regulations related to this particular type of coverage, and every policy may be different. The best thing you can do is to make the call to find out what your insurance company says.
There is a better chance if the mold occurred from a specific peril
In most situations, there is a greater chance that your home insurance company will cover the costs for having the mold removed if the mold occurred from a specific incident. This may be a pipe that burst in your home a few days ago, or it could be from a flood that happened in your area. When a major disaster like this occurs, it is a lot more reasonable for a homeowner to find mold growth in their home.
On the other hand, if the mold occurred from a small leak in a plumbing pipe that you left unaddressed for many months or years, the insurance company is more likely not to cover the costs to have the mold removed. They may consider the mold a result of your own negligence in this situation.
You can get additional coverage
Finally, you should understand that no matter what type of coverage you currently have, you can change it in the future. For example, most homeowner's insurance policies allow you to add extra coverage specifically for mold removal services. This may not help you with your current situation, but it could be a good type of coverage to add for future problems.
Every home insurance policy is different, and it's very important to make sure your policy protects you in situations like this. If you would like to add coverage or get a new quote, call a homeowner's insurance company like Coast Comp Insurance Agency today.
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