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Does Home Insurance Cover Mold. Mold has been a very contentious topic in the home insurance industry for decades. Home insurance typically does not cover damage related to normal wear and tear. If your insurance policy does not cover flooding, it probably will not cover mold that results from flooding. For example, if mold developed from water that extinguished a fire and you claimed that mold a few days after the fire, it is covered.
The most common source of mold is lack of maintenance. For example, you have a burst pipe, which is covered, and mold results from the incident. Peakes insurance agency since we opened in 1969, john e. Homeowners insurance often does not cover flooding, unless you specifically purchase flood insurance. Does homeowners insurance cover mold? It’s a good question to ask, particularly if you’re.
Peakes insurance agency since we opened in 1969, john e.
However, this doesn’t mean that claims for mold damages will be entirely denied. Mold is a common occurrence after a home has been flooded. After a rush of mold claims in the early 2000s, most states adopted limitations on mold coverage. Policies that do cover mold damage often limit the amount the provider will pay and only cover mold caused by a named peril. Normally, home insurance policies exclude coverage of mold damages that are caused by fungi or bacteria. However, this doesn’t mean that claims for mold damages will be entirely denied.
