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Can Home Insurance Cover Mold Damage?

Here’s what your homeowners insurance will cover when it comes to mold damage.

Unfortunately, mold growth is a common problem that many homeowners have to deal with.  Not only does mold cause damage to your home but it also creates an unsafe breathing environment for you and your loved ones.  Fortunately, your home insurance may offer some coverage for mold remediation and damages.  Here’s what your homeowners insurance will cover when it comes to mold.

  • Insurance Coverage for Mold

First things first, it’s important to remember that every home insurance policy is different.  To find out exactly what your policy covers, you need to review your policy and speak to your insurer.  That being said, most standard homeowners insurance policies will offer coverage for mold remediation and repair.

  • Coverage Exclusions

There are some caveats to this coverage.  To start, some policies will only offer coverage for mold damage if the mold is a result of a covered peril.  For instance, if your policy protects against broken pipes, then you would have coverage for the mold growth that results from a broken and leaky pipe.

It’s also important to note that your insurance will likely not offer coverage for the mold that develops as a result of your negligence.  Finally, your policy will not offer coverage for the mold that that was already in your home before you purchased your home insurance policy.

This is what your home insurance will cover when it comes to mold on your property.  Do you have more questions regarding your homeowners insurance?  If so, then contact the experts at The Schwab Agency in Colleyville, Texas.  We are ready to assist you with all your coverage needs today.

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