Home Insurance Coverage Regarding Mold Damage
If your home becomes infested with fungus growth, you are likely to wonder what your insurance will cover. The answer varies depending on a number of circumstances. By understanding how insurance policies handle mold coverage, you can have an idea of the next action to take for your Shawnee, KS, residence.
Mold Coverage From Other Issues
While policies differ, most will not cover mold unless explicitly stated. Insurance policies will, however, often pay for mold treatment if it is the result of any related covered perils:
• Fire unrelated to arson
• Lightning damage
• Unpreventable water damage
• Snow or ice damage
• Frozen pipes
If the insurance adjuster determines that any of the covered perils were due to negligence on the part of the homeowner, mold coverage will often be denied. This can be due to leaving fungus growth or water damage untreated for an unreasonable length of time. There is a base expectation of home maintenance, and the insurance company will deny on that basis if they can prove noncompliance.
Even With Coverage, There’s Likely a Mold Cap
Even if your policy covers mold, many companies adopt a hard limit called a mold cap. This is a stated amount in the policy of the maximum amount of costs covered when dealing with mold insurance. This varying number is available by consulting your policy.
Treating Mold Damage Regardless
The costs of removal continue to add up if there’s more to treat. Mold may continue to devalue your property if it becomes more widespread. It is wise to act quickly so costs do not end up having to come out of your pocket. An insurance adjuster or expert mold treatment company can offer an estimate of the costs. Regardless of insurance coverage, you can work out a treatment to stop the mold from causing lasting damage to your home.
You don’t have to let the fungus growth claim your home because of the claims process. You can act to stop the mold and save yourself money by paying upfront to stop its spread. For more information, visit http://www.SERVPROgreatershawneemerriam.com/.