Mold Damage

Nearly two-thirds of the American population own their home. With homeownership comes a lot of responsibility, including the decision to get home insurance. Home insurance is financial protection provided by an insurance company of the homeowner’s choosing. After paying their premiums, homeowners can request financial assistance if they experience a loss, such as a fire, water damage or sometimes mold. However, it’s important to understand when your home is covered and when it is not.
The Basics of Your Home Insurance Policy
Flood damage isn't typically covered by your home insurance policy, to be clear. Generally, a flood constitutes increased water levels that originate outside of your home. Floods include weather-related events like heavy rains and riverbank …show more content…
Mold thrives in moist hot places. After you’ve experienced water damage, it’s not out of the ordinary to see mold begin to grow. On the surface, mold is testable. It stinks, and it looks awful. Beyond that, mold is a hazard to your health. You should make every effort to remove mold spores as soon as possible.
Fortunately, your home insurance may be able to help you eliminate your mold problem. Typically, when the mold in your home is caused by water damage, instead of flood damage, mold remediation is covered by your home insurance policy. Of course, you must contact your home insurance provider to know with complete certainty whether mold damage is covered or not.
Purchasing a Flood Policy
You can protect your home from flood waters as well, but you will need an additional policy. Specifically, you need a flood insurance policy to protect your home. Even if you don’t live in a high-risk flood zone, you can still purchase a flood policy because a flood can happen anywhere. In general, when you purchase a flood policy, you are protecting yourself from both flood waters and the mold that results from flood