Mold. The mere word is enough to scare any homeowner and with very good reason. Mold in your home can make you and your family sick. Not only that, the mold is just plain and simple unsightly.
Mold is not uncommon and is part of the natural environment. It can be found everywhere, indoors and outdoors. However, no homeowner wants to have mold in their home. The best way to control mold growth is to control moisture. The unfortunate thing about having mold grow inside in your home is that it can affect the air quality indoors and it can also weaken your walls, ceilings, and floors. All these issues can have a great impact on your home’s resale value. So, what can be done to solve the mold issue? Can your homeowner’s insurance help with such a problem?
The simple answer to whether or not homeowner’s insurance will cover mold is; most likely no. Very rarely will this be the case. Most homeowner’s insurance policies do not cover mold. What is covered by homeowner’s insurance is coverage for disasters that are either sudden and or accidental. Mold is a cost that is related to maintaining the home and does not fall in the sudden or accidental coverage. However, insurance may cover mold in the event that the mold was a direct result of a “covered peril”. In this case, insurance will cover the remediation costs. The infographic below gives a visual of how mold can be covered under homeowner’s insurance. For more information, visit StuccoLegal.com.