Mold And Homeowner’s Insurance
Does homeowners insurance cover mold? Believe it or not, mold damage is not always covered by your homeowner’s insurance. Homeowner’s insurance tends to only cover accidental damage. This refers to things like a tree falling through your roof or an accidental fire. Homeowners insurance policies are written to make the homeowner accountable for checking for things like slow leaks or insect infestations. It’s the responsibility of the homeowner to maintain the home.
In many cases, mold damage claims are covered if mold damage occurs due to accidental damage – like a broken pipe. Mold damage that occurs due to insufficient ventilation or a slow leak is probably not going to be covered. In the case of accidental damage, a time limit is often in place. In other words, if a broken pipe occurred two years ago and you’re just now realizing there’s mold in that area, your homeowner insurance company is probably not going to cover mold damage cleanup.
However, each homeowner insurance policy is different. Some require a rider to insure against mold damage. These types of riders can cost as much as $500 or more per year. Some don’t cover mold due to flooding unless flood insurance is also obtained through the National Flood Insurance Program.
Because homeowner insurance usually only covers mold damage in a few (and often most unlikely) scenarios, it’s important to take steps to prevent mold damage to your home. This can mean taking steps to inspect your home yourself for potential mold damage every few months, purchasing dehumidifiers for damp areas, having a mold inspection done, and/or making sure there is proper ventilation throughout the home – for starters. Mold damage goes hand in hand with water damage – so water damage prevention is important as well. Keep an eye out for leaks – especially with appliances. Washing machines, refrigerators, dishwashers, and even hot water tanks are prone to water damage and eventually mold damage if left unattended.
Mold spores are everywhere and can’t be avoided. Avoid mold damage by taking the preemptive steps above. If you discover small areas of mold damage, clean them up immediately. If they continue to reoccur and you’re not sure why, contact a mold damage cleanup company. They will be able to take care of the cleanup and determine the cause of it. Contact a mold damage cleanup company for larger mold problem areas, too.