Mold is a topic that often strikes fear in the hearts of homeowners. Who hasn’t heard a horror story about toxic mold or the overwhelming expense of eliminating a mold infestation? While every homeowner would agree that they want to be protected against mold in their homes, most don’t understand whether their homeowner’s insurance will cover mold removal and repairs.
What Causes Mold?
Mold thrives in damp environments. Therefore, basements and bathrooms are especially prone to mold problems, but it can happen anywhere there is moisture. In fact, nearly every home in America has some sort of mold. However, if mold goes undetected and untreated, it can continue to grow, causing an expensive problem.
Often, large infestations of mold in a home are related to either pipe leaks or floods. Small leaks under floors or within walls create the ideal environment for mold growth, as it is dark, damp, and difficult to detect. With larger flooding problems, residual moisture will also provide a happy home for mold growth.
Does Homeowner’s Insurance Cover Mold?
Whether your homeowner’s insurance policy covers mold claims will depend on the wording of your specific policy and the cause of the mold. For example, your policy may cover mold that occurs as a result of a burst pipe, but not mold that develops from a lack of maintenance, such as a slow leak in a pipe or appliance.
Many homeowner’s insurance policies have mold exclusions written into the policy. Others have very specific limitations mold damage and remediation claims. Additionally, many basic homeowner’s policies do not include floor coverage, which is a common source of mold problems.
Your BenefitSource insurance professional can explain the details of your policy to you and provide options and solutions if you do not have coverage.
How Can I Help Prevent Mold In My Home?
Mold prevention is all about moisture control. Without water, mold cannot grow. Here are some moisture control tips you can use in your home:
- If you live in a humid environment, use air conditioners, dehumidifiers, and exhaust fans.
- Inspect hoses and appliance connections regularly.
- Fix plumbing leaks or water seepage as soon as you notice it.
- Use household cleaners that include anti-mold chemicals, such as bleach.
- Opt for paint and primers that contain mold-inhibitors.
- Avoid installing carpet in moist areas, such as basements and bathrooms.
- Increase airflow in your home by pulling furniture away from walls.
Am I At-Risk?
The decision to add-on a mold rider to your current policy depends on the wording of your policy, level of risk, and risk threshold. Your BenefitSource Insurance Professional is ready to explain your policy and discuss whether you need additional coverage. We specialize in getting you the right amount of coverage for your specific needs. Call us directly at (877) 215-5431 or email us to discuss your homeowner’s policy today.
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