Mold: What Does Your Insurance Cover?

11/7/2019 (Permalink)

Water damage in this basement is an example of a"covered peril" creating a mold colony.

Homeowner’s insurance varies with each insurance carrier so it’s best to talk to your agent to get the specifics of your policy but there are some generalizations about homeowner’s insurance when it comes to mold damage in your home.

Mold damage is usually covered by homeowner’s insurance if it was caused by a “covered peril”.  According to insuance.com an example of a covered peril would be and water supply line leaking under a cabinet that produced mold.  However, that same situation may not be covered if the leak can continue a few weeks because it would then be classified as a maintenance issue.  Maintenance issues are generally not covered because the insurance companies feel the damage could have been avoided if regular maintenance and repairs had been completed in a timely manner.

If your policy covers mold it will usually have a “cap” or a maximum amount the policy will cover.  Since mold remediation can be expensive preventative home maintenance or quick mitigation response is critical to save you both time and money.

At SERVPRO of Lexington/Thomasville our team of trained professionals are experts in mold remediation as well as fire and water clean-up.  If you suspect your home or business has a mold problem, give us a call at 336-224-2565 for your free assessment today.