Does My Homeowners Insurance Cover Mold Removal?
Homeowners insurance covers mold damage if a “covered peril” situation caused it. Otherwise, it is unlikely that the insurance company would cover mold damage. Exceptions, however, sometimes exist. We will get into that later in this post.
Usually, home insurance policies do not cover mold resulting from preventable water leakage, flooding or high humidity.
Generally, home insurance companies often do not pay for avoidable maintenance problems. Before insurance claims are required, insurers want homeowners to take proactive care of these issues.
What May Be Covered?
Here are several real-world examples of where home insurance is likely to cover the removal of mold:
The water is going to come back under your shingles. Water is pouring into your attic, soaking up your attic floor and insulation, and creating mold.
gallons of water on the floor and the drywall is soaked. Before you make a call, the mold begins to form.
a washer hose causes leakage and damage to your washer. The washer hose is not old, you stop the leak and report the damage immediately, but not before the mold is created.
Insurance providers typically cover this type of injury. Indeed, non-weather-related water damage is one of the most common home insurance claims and one of the most expensive.
What Won’t Be Covered?
The insurance company expects you to take care of your house, including the proper ventilation of the bathroom, repair of the old roof and regular inspection of your basement. If a flood outside your home causes water damage that contributes to mold, your home insurance will not cover the resulting mold problem. Always check your homeowners’ insurance policy to see if there is any wording for mold claims.
If you don’t have mold coverage, ask your insurance provider if you may purchase an insurance policy endorsement that adds mold coverage. The endorsement is provided that the insurance provider provides extra coverage to the standard home insurance policy for a fee.