Is My Home Covered by Mold Insurance?

9/14/2018 (Permalink)

Make sure you know what your insurance policy covers. You want to be prepared before a disaster comes along.

Unfortunately, most homeowners' insurance policies in Peoria, Arizona do not provide mold coverage. There are some exceptions to this, however. Your policy may cover fungus growth if it was the result of situations that are covered, such as

• Fire or lightning
• Overflow of water or steam from home systems, such as the plumbing or air conditioner
• Frozen pipes
• Vandalism or theft
• Damage caused by vehicles
• Falling objects or damage due to heavy snow or ice
  

Examples of Mold Coverage

When your insurance policy covers accidents, it will generally cover fungus growth that was a direct result of the accident. Check out some situations when your insurance would probably cover you:

A pipe in your home bursts while you're at work and floods the basement, soaking into carpeting, drywall, and furnishings. Mold growth begins before you call the insurance company.

Heavy snowfall leads to an ice dam in the roof gutter and this allows water to seep under your shingles. That water and ice combination continues to grow until it has soaked your attic floor and insulation. A mold colony develops.

Examples of Non-Coverage

The old roof on your aging home becomes saturated with water and gives in to the heavy weight of snow during the winter. That saturation and damage leads to mold growth.

The pipes in your basement burst at the end of the winter. You don't realize that there's a problem for a couple of weeks. Fungus growth develops because of the standing water.

Get the Facts From Your Insurance Provider

Basically, your insurance provider expects that you'll provide routine maintenance on your home, addressing small problems before they develop into much larger issues. However, you can contact your insurance provider to ask about specific mold insurance. Be aware that even in this case, there may be a mold cap. If your home has been affected by fungus or mold, work with a Peoria, Arizona mold remediation representative or your insurance adjuster for more information on how to proceed.