Like many other questions that homeowners may have, whether mold damage is covered under a homeowner’s insurance policy is one that is often brought to the surface by many policyholders. Because mold is a trouble that surfaces a lot, this question is always coming to the light and asked by millions of homeowners every year.
While the simple answer to the question is “yes”, there are factors and elements that might be present where mold damage would not be covered for peril. Our knowledgeable Churchill public adjusters always emphasize the importance that homeowners have in becoming knowledgeable about their own insurance policies.
Just because your friend or family member might have a certain coverage under their policy, that does not mean that you have it as well. Becoming familiar with the details and provisions wrapped with each homeowner’s individual policy is critical, particularly if the homeowner intends on filing a claim for property damage.
The If’s and Don’ts with Mold Damage
While most cases of mold infestation will be covered under their basic homeowner’s insurance policy, there are certain situations where your insurance company will deny your claim. Some of those instances include:
- If mold was caused by a peril that is not covered under your policy. For example: if a flood consumed your home and mold developed, but you do not have flood coverage. Your insurance carrier would not cover the mold damage.
- If the mold was caused by an exclusion like ‘wear and tear’. Did your old pipes wear out and caused a leak that led to the development of mold?
- If the mold formed because you did not maintain your home as you should have. Even if you may be covered for mold damage under your policy, if you fail to maintain your home like regularly inspecting your pipes for leaks, or quickly drying a wet area, your insurance provider will not cover the mold damage.
- Was the mold caused because you failed to mitigate additional damage to your home? Let’s say a leak starts in your kitchen and you just let the water run without taking action to reduce the damage to your home, your insurance provider will not cover it.
Knowing all of these facts about whether mold would be covered under certain circumstances is important for homeowners. Having this knowledge can help homeowners once they have encountered mold in their homes.
Do You Need a Public Adjuster for Mold?
Many details are involved once mold damage has been claimed as a loss for a homeowner. Insurance companies can give homeowners a hard time during the process for peril, but Churchill professional public adjusters will ensure that they do not take advantage of their clients.