How To Know When Mold Growth Is Covered by Homeowners Insurance

6/12/2019 (Permalink)

Contact your insurance agent to verify mold growth policy coverage.

It can be tricky to determine whether the mold is covered by your homeowner's insurance policy. If you have discovered fungus growth in your home, it is unlikely to be covered by your insurance, unless it was caused by something that your policy already covers.

When Is Mold Covered by Insurance?

Many insurance companies do not offer mold coverage in their homeowner's policies. However, there are certain cases in which your policy may include mold-related repairs. Essentially, if mold forms as the result of sudden or accidental water damage, it is likely to be included in your policy. Specifically, you may qualify if it is determined that mold was caused by one of the following incidents:

• Frozen or burst pipes
• Broken appliances
• Backed-up water from snow or ice

When Is Mold Not Covered by Insurance?

In most cases, fungus growth will not be included in your insurance policy. If mold forms as a result of negligence or your failure to properly take care of your home, it will not be covered. You should be sure to monitor any areas that are in frequent contact with water in order to prevent mold growth. Mold caused by a flood will likely not be included in your policy, so you will need separate flood insurance to cover the damage.

What Are the Exceptions?

Like with most things, there are exceptions to the rule. You may be able to include mold insurance in your policy for an additional price. Some insurance policies might include limited coverage for mold growth. You likely won’t receive the full amount needed to repair the damage, but even a little money can help.

If you discover mold or fungus growth in your home in Pompano Beach, FL, determining the cause can help you figure out whether it will be covered by your insurance. Hiring a mold remediation specialist or insurance adjuster can be useful, as well.