Mold - Homeowners Insurance Tips / The Facts about Mold

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Posted by Moderator 775 days ago (http://www.superpages.com)
Category: Mold Prevention | Tags: home insurance mold prevention health

Many states (44 to be exact) allow insurers to exclude mold from their homeowner's policies, so you may have to purchase additional mold homeowners insurance. Mold is covered in certain instances, such as flooding or a broken pipe, in many policies, so you need to read your insurance policy very carefully to see what's covered and what's excluded. If you have any questions, be sure to ask your insurance agent about them.

The cost for additional mold insurance can vary widely between areas. In some areas where mold is extremely prevalent, it can be much more expensive, while in other areas it can be extremely affordable. Many insurers refuse to carry mold homeowner's insurance because there have been so many lawsuits over mold damage over the past decade or so, and many have had to pay out millions of dollars in damages. Mold can cause structural damage to a home, but it has health consequences, too, so you don't want to allow mold to continue to grow in your home. It needs to be cleaned up as quickly as possible, and it needs to be cleaned by experts if it persists.

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