2.29.2012

Mold Damage and Insurance

Insurance covers mold damage which results from storm, broken pipe, and efforts to suppress fire. Today, people are more aware of the problems caused by mold. The techniques used to clean out mold are more expensive and sophisticated these days. Because of this, insurance providers are in a panic and some of them refuse to cover the claims for mold damage!

What are the options available for homeowners who have mold damage? Firstly, you will need to realize that this is a serious matter. Over time, mold can cause certain illnesses and, eventually, extensive property damage. It's typical for insurance companies to tell you that molds have been living with you ever since the home was constructed. Learn more about Leviticus 14:33-48. Once you're familiar with this, make it known to the insurance provider that you are aware of your rights as a policyholder.

With the introduction of commercial and residential buildings, mold contamination can occur. This can lead to the destruction of finishes, belongings and furnishings. If the insurance provider takes your situation lightly, try to work with industrial hygienists and other experienced professionals who can help you.

You can use the internet to learn more about mold damage or contamination. You should also determine the health effects and possible remediation techniques. When seeking help from experts, you have to ensure that they are looking after your best interest and not that of the insurer. There are times when the experts you work with are also working for the insurers, giving you biased solutions.

Read your policy once more and determine the coverage. Check the fine print, the declaration page and endorsements, if any. The policies usually differ between business owners and homeowners when it comes to coverage for contents, dwellings, living expenses and many others. If you are not sure about the contents of your policy, you can always consult a policyholder lawyer or a public adjuster. Even if you are not able to understand most of the policy's contents, someone may be able to help you but you need to act on it.

You can submit a claim for mold damage in two circumstances. The first one is when the owner of the property discovers the mold and there is ongoing buildup of moisture due to water intrusion or water leakage. Another circumstance is when there is an accidental leak or flood which resulted in damaged fixtures, finishes, belongings or furnishings.

You can file for a claim on your property or, in the case of a landlord being sued by tenants for mold damage, the insurer will need to investigate the matter and defend the landlord for the claim. Most policies provide specified perils to cover mold damage. The cause of the mold damage should be included in the list of perils; otherwise, you cannot file for a claim.

Read your policy carefully or, better yet, find an insurance provider that can provide you with a policy that will cover mold damage. Claims for mold damage is a hot issue and it pays to possess adequate knowledge on the matter.


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