Mold Restoration Insurance: Does Insurance Cover Remediation & Rebuilding?
Mold restoration insurance policy has been a controversial topic for years. Many insurance companies set specific rules on coverage concerning mold remediation and rebuilding. Due to this, your carrier might either not cover the cost or provide limited funds.
Like any other legal settlement, some terms and conditions apply to these policies. A careful review of these clauses and support from our trustworthy home restoration experts can help you receive reasonable coverage.
Here’s what you need to know:
The Premises: Why Is Mold Remediation Important?
Mold grows in damp and dark corners of the house. Typically surfacing in the aftermath of roof leaks, plumbing issues, sewage overflow, and flood damage. They cling onto drywall, wallpaper, floorboards, wooden furniture, carpet, and upholstery, gradually spreading all over the house.
According to the CDC, these materials are “particularly conducive for the growth of some molds.” That means their presence accelerates mold growth and makes your home vulnerable to extensive structural damage.
Tell-tale signs of mold damage include:
- Musty smell emitting from mold-infested vents and rooms
- Cracks and discoloration on the wall and ceilings
- Peeling and crumbling wallpaper
- Dark brown, black, or greenish spots on walls and tiles, indicating the presence of mold spores
Early intervention can prevent irreversible structural damage and property loss.
The Real Danger
Some types of molds (like black mold) don’t just wreak havoc in the house. It’s a health hazard too.
Prolonged mold exposure can result in health issues like:
- Breathing difficulty
- Fever
- Allergies
- Headaches
- Skin problems
All these reasons make mold remediation a necessity. The sooner you get rid of the mold, the better. Yet, the staggering cost of restoration and reconstruction can make such situations difficult for some homeowners.
That’s when they look into mold restoration insurance to avoid paying home restoration experts from their own pockets.
The Rule: Does Your Homeowner’s Insurance Policy Offer Mold Coverage?
The majority of homeowner’s insurance policies these days do not cover mold restoration directly. They only provide financial support if you can prove that the mold damage was an unexpected consequence of another structural issue that your policy does cover.
For example, you are experiencing mold due to a roof leak or flood damage.
It would be best to file a mold claim as soon as the problem arises to maximize your chances of receiving sufficient coverage. Even then, mold coverage might not be more than $10,000. The amount usually depends on the policy you have signed up for and the insurers’ overall coverage for home restoration. Some insurers might allow you to increase coverage if you pay for a premium.
However, all these rules vary from place to place. We strongly advise you to consult your insurer before you make a claim. Alternatively, you can be extra cautious of the policy you sign up for during the initial stages. That can ensure that you can get mold restoration insurance if the problem ever occurs in the future.
When Do Insurances Decline Mold Restoration Claims?
On average, homeowner’s insurance policies might offer minimal coverage for dealing with mold infestations. Yet, some policies have rigid rules set around the circumstances where they will offer mold-related coverage.
In most cases, insurers will not offer coverage if mold damage occurs due to:
- Normal wear and tear of the insured home (or objects)
- Moisture intrusion or water damage caused by recent remodeling/reconstruction
- Incorrect repairs
- The failure to fix long-term leaks
In other words, home insurance policies don’t cover mold damage if it develop due to the homeowner’s neglect.
Our Promise: How Does 911 Restoration of Iredell County Help with Mold Restoration Insurance Claims?
911 Restoration of Iredell County strives to support clients during all types of disasters. Our IICRC-certified home restoration experts conduct a thorough examination of the target site. During the service, they don’t just evaluate the superficial damage but also detect hidden threats that might have gone unnoticed by you.
Our attention to detail and specialized training can help you receive mold remediation support before the problem escalates. We’re also eager to advocate for your right to receive coverage for the mold damage. That’s why we assist you any way we can as you prepare to file your claim. For example, we can professionally document evidence of property loss during the initial evaluation. These include detailed accounts of the mold damage with photographs and videos to support those statements.
If required, we can create an inventory and share an estimate of the mold remediation cost. This way, you will have a better idea of how much coverage you’ll need for repairs, replacements, and complete reconstruction. Having certified home restoration by your side can give you better leverage during mold restoration claims.
Once your claim gets approved, we can send the invoice directly to your insurance provider. This practice simplifies the payment process and makes transactions manageable for homeowners.
Parting Words
In the end, filing claims for mold restoration insurance can be trickier than receiving coverage for an automobile accident. Yet, homeowners should not lose hope. Seek professional advice from your insurer and our restoration experts in Iredell County to find cost-effective solutions.
Proper review and cooperative support from professionals (like us) can maximize the chances of coverage.
Dealing with a mold emergency? Contact 911 Restoration of Iredell County for further information.
