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Fire & Water - Cleanup & Restoration

Southwest Grand Rapids Know your insurance coverage for Mold.

5/3/2018 (Permalink)

Check with your carrier and learn your options about Mold coverage.

From the insurance perspective, damage from mold, like rust, rot and mildew is excluded from the typical homeowner’s policy.

The Insurance Information Institute says mold is covered under the homeowner’s policy, only if it is the result of a covered danger. For example, the costs of cleaning up mold caused by water from a burst pipe are covered. But mold that develops from, say, humidity or flooding is a maintenance issue that the property owner is responsible for.

The insurance industry argues that in order to keep homeowners insurance affordable and available to the masses this coverage wound up being excluded. If the policyholder does want mold coverage there is going to be an additional premium for it.

One thing to keep in mind is that there have been fewer claims recently. But critics say that is simply because insurers no longer cover the damage, so if it's not covered people do not put in claims.

SERVPRO® of Southwest Grand Rapids can mitigate and remediate the original damage, providing you with peace of mind while helping make it “Like it never even happened.” Call us today at 616-662-9700.

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