Is Mold Damage Covered By Homeowners Insurance?
Mold damage can be extremely costly to repair, so it’s important to understand if your homeowners insurance covers it or not. In general, most policies do cover mold damage caused by sudden and accidental water damage. However, there are cases in which mold damage may not be covered, such as when the policy contains an exclusion for mold-related losses. It is important to read the fine print in your policy and understand exactly what is covered before you make a claim. If you have any questions, contact Five Star Claims Adjusting for more information.
What Does Homeowners Insurance Cover?
When it comes to mold damage and homeowners insurance coverage, understanding what’s included in your policy is key. Most policies will provide coverage for water damage that results from sudden and accidental incidents like leaking pipes or flooding due to severe weather conditions. It’s important to note that most policies require that repairs be made quickly in order for coverage to still apply; if too much time passes between the incident and the repair, the claim may be denied.
However, some policies contain an exclusion for mold-related losses. This means that even if water damage occurs due to a sudden and accidental event, the costs associated with repairing the resulting mold growth will not be covered by your homeowners insurance policy. As such, it’s important to thoroughly read your policy before filing a claim so you know what kind of coverage you have and what costs may not be covered by your insurer.
If You Have Questions About Your Coverage
If you need assistance understanding exactly what is covered under your homeowners insurance policy or if you have questions about making a claim for mold-related losses, contact Five Star Claims Adjusting for more information. Our team of experienced public adjusters has decades of experience helping customers understand their rights under their insurance policies and filing claims on their behalf when appropriate. We can help make sure that all of the necessary paperwork is filed correctly so that you get the full compensation that you deserve after experiencing a loss due to mold growth or other water-related issues in your home.
Conclusion
Mold damage can be extremely costly to repair but fortunately most standard homeowner's policies cover this type of damage as long as it is caused by sudden and accidental water damage events like burst pipes or flooding due to severe weather conditions. However, some policies contain an exclusion for mold-related losses which means that these damages would not be covered by your insurer even though other damages are eligible for reimbursement. If you need help understanding what kind of coverage you have or want assistance filing a claim after experiencing a loss due to mold growth in your home, contact Five Star Claims Adjusting today! Our team of experienced public adjusters will work with you every step of the way so that you get the full compensation that you deserve after suffering an unexpected loss at home due to water damage or other causes.
