When is Mold Damage Covered by Homeowners Insurance

Mold can come as a shock if you are not expecting it.  What is more startling is finding out that your homeowner’s insurance may or may not pay for the damage. Here is what you need to know about situations behind mold cleanup and insurance coverage in Ball Ground, GA.

Covered Peril

Covered peril is a term that is uncommon to most homeowners. In an insurance policy, peril refers to a specific risk that is caused by a flood, windstorm, fire or other natural elements. Most mold cleanup and remediation is covered by your homeowner’s insurance policy when mold is caused quickly by peril. 

Additional Mold Coverage

A homeowner that discovers a patch of mold from a leaky pipe behind a wall is not likely to be able to file an insurance claim.  However, if this type of hidden damage is a concern, check with your insurance agent about additional mold coverage. An insurance company, like The Sanford Group, will be able to provide estimates and help you weigh the pros and cons of additional mold coverage. 

Should Mold be a Concern

Mold should always be taken seriously. However, the amount of mold and the reason for its presence should dictate whether an insurance claim should be filed. For example, the weather in Ball Ground, GA can get very hot. Condensation may form around windows from humidity and cause mold to grow. By fixing the leaks and cleaning the small spots of mold yourself, you can save money and still have peace of mind.

Mold coverage by an insurance company, like The Sanford Group that serves Ball Ground, GA, should only be considered when catastrophic events create a danger to property and health.