Mold can be caused by a plethora of things, whether it be burst pipes, weather, or water-related (humidity) mold can spread quickly and no one wants to find it in their home or business! But if the dreaded day does come, what will your insurance cover?
So, what exactly is mold?
Mold is a fungus that can grow quickly in damp and dark places such as basements, attics, crawl spaces or inside of walls. There are lots of different kinds, millions and millions, some are not good to come in contact with and can cause unfortunate reactions to humans. It can be hard to spot and since it grows so quickly, it can do a lot of damage in a small amount of time.
Insurance coverage for mold can be tricky and restricted. Insurance companies limit mold coverage because of so many lawsuits from their policy owners, so now coverage is narrow and very specific. The best route when choosing or looking over your policy is to make sure they cover damage, loss, and cleanup from fungus for a specified loss, as well as ensure it will specifically cover fungus caused by water damage since that is the most common kind. Since most policies will vary, it is important to speak with your agent and go over the terms and conditions that are covered by your policy, to make sure you’re up to date on what will be covered. If you are getting covered for a business, two other insurances that can help with mold-related problems, are environmental insurance and liability insurance, which can cover property damage and bodily injury.
We hope that mold is not a problem in your future, but if it is, give us a call and we will come out and help! Our mold removal process will be less disruptive and effective so that you are in a safer and cleaner environment.