Does My Homeowners Insurance Cover Mold?

1. 

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   Tony Canas, CPCU, MBA

   Financial Leadership Rotation Program, Nationwide Insurance, Columbus, OH

   Homeowner's policies vary a lot and mold is excluded on a lot of policies so the only way to find out is to file a claim. It will probably depend on what caused the mold and exactly what the mold wording on your policy is.

   Answered on March 16, 2013

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2. 

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   David G. Pipes, CLU®, RICP®

   Business Development Officer, T.D. McNeil Insurance Services, Fresno, California

   Mold is present in almost every home.  Every home provides the environment for mold growth except for one thing, moisture.  When there is damage from mold it is most often the result of leaking fixtures and appliances.  Your homeowner’s policy likely contains specific exclusions for mold, however if the mold is the result of a covered loss—ruptured pipe, it could be a covered loss. 
   

   Answered on July 18, 2014

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3. 

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   Tom Sheehan

   Agency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482

   It is best to check with your Insurance Professional about the terms and conditions of your particular policy. This coverage can vary by company or state. Here in Connecticut, standard Homeowners policies do provoide some limited coverage for mold, usually up to $10,000.00. However, the best practice if you have water damage is to be sure that you and your insurance claims professional bring in a professional cleaning/restoration company that can not only eliminate any standing water, but apply mold remediation techniques to lesson or eliminate the possibility of a problem down the line.

   Answered on January 22, 2015

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