When it comes to owning a home, mold is a particularly vicious risk hazard for two major reasons; the presence of mold isn’t always immediately apparent and, certain types of mold can be extremely hazardous to your health. If mold is discovered in your home, it’s notoriously difficult to repair. Mold cannot be cleaned – it, and what it’s growing on, must be physically removed from the home. This often results in pieces of the home’s structure being cut away and, due to this fact, even the presence of a relatively minor amount of mold can be costly to repair.
A standard homeowners insurance policy doesn’t always cover the cost of removing mold and repairing any damage done while doing so. The only instances in which mold will be covered are those where mold appears as a result of a “sudden and accidental” incident. For example, if your water heater springs a leak while you’re out of the home and mold forms before you’re able to call and have the problem fixed, the cost of removing mold will likely be covered by your homeowners insurance policy.
Situations in which your insurance will probably not cover you are those that stem from humidity, a preventable water leak, or flooding. For example, if the roof of your home is old and neglected and, as a result, water leaks in and causes mold to grow, your insurance likely won’t cover you. Most insurance policies require that a homeowner keep up with regular home maintenance as part of the deal. When a home falls into disrepair – for whatever reason – and a homeowner attempts to file a claim with their insurance company, more often than not that claim will be denied.