mold

10/16/2019 (Permalink)

Depends on the Damage Source

Some policies cover mold caused by certain water sources. For example, sudden catastrophes, such as burst pipes or sewer backups, are more likely to be covered than lingering maintenance issues. However, fast action to mitigate the water damage is needed not to break your part of the agreement with your insurer. SERVPRO can respond quickly to any water or mold issue. There are policies that put a small limit on the liability to repair, usually only about $5 to 20 thousand dollars. This may be just a drop in the bucket for the actual cost of a mold remediation project.

Your mold coverage likely will not include the following sources of water damage:

Continuous faucet leaks, ignored by the homeowner
Drainage problems in the yard, exterior issue
Condensation buildup from lack of proper ventilation
Flood waters