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What You Need to Know About Mold & Homeowner’s Insurance

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Mold is something that every homeowner fears and many come face-to-face with. Mold damage can be expensive to fix. In fact, homeowner's insurance companies are reluctant to cover expenses related to mold. Here's what you need to know about mold and homeowner's insurance, and what to do if you have submitted a claim to your insurance company that is denied.

Determining the Cause of Mold

Mold needs moisture to grow. To determine if mold is covered under your homeowner's insurance policy, find out what caused the wet conditions. If your insurance policy covers flood damage and mold resulted from flood water, the mold damage might be covered. However, mold that is not traced back to a definitive cause covered under the policy will not be covered.

The Importance of Reading Your Policy In Full Before You Sign

Because mold is an expensive claim, some homeowner's insurance companies take stringent measures to protect themselves and to justify denials. For example, a company may explicitly exclude all mold-related damage except in very specific instances. Or a company excludes mold damage unless you participate in a buy-back program that provides extra mold coverage if you pay more money. Other companies limit the amount of mold coverage available, or provide mold coverage with inflated premiums. If mold could be a concern in your home or you want to ensure adequate coverage for mold damages, read your policy thoroughly. Or, shop around before you make a final decision on a policy.

Was Your Mold Claim Denied?

If you filed a homeowner's insurance claim for mold damage and are denied, there are a few steps to take. First, read through your policy documents to determine what is and isn't covered. Sometimes this is not clear, so it's beneficial to consult with an insurance denial attorney who may help you appeal your case. With an appeal, there may be a better chance that the mold damage is covered by your insurance company. Call the Law Offices of John D. Ameen, P.A. today for more information at (800) 555-4011.

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