Austin Mold Insurance

Does Homeowners Insurance Cover Mold?

Mold has become a very testy topic in the insurance industry. Texas insurers were paying out hundreds of thousands of dollars in mold claims, sometimes receiving multiple claims for the same properties. They realized that covering mold was a very risky endeavor and they began placing limits on coverage, if the mold was covered at all.

The result is that many Texas insurance companies now exclude mold coverage exceptwhen the mold is a result of a covered peril. Since mold is everywhere all of the time, it is a common occurrence anytime your home is damaged by water. To file a successful mold claim you must be able to show that the mold was a sudden and accidental result of a covered water damage loss. And it must be reported promptly.

Insurance policies have a long list of exclusions of damages caused by mold. Some of the reasons for your claim to be denied for damages caused by mold are:

• Typical wear and tear

• Long-term leaks that weren’t repaired in a timely manner or at all

• Moisture intrusions during construction

• Faulty repairs

This example is given:

There was standing water in your basement that you didn’t take care of immediately. Mold began to grow, and over time, climbed up the basement walls and ruined your hardwood floors. In this case your mold claim will not be covered by your insurance provider. It was not sudden and accidental.

Your best defense when water damage causes mold is to have the backing of a professional water damage company like Water Mold Fire Restoration of Austin. Whenever we work in a residential or commercial property, we keep careful records of the conditions when we started our work and as the work progressed through to completion. This documentation can be of great help to a homeowner if your insurer brings up questions about your claim. Your obligation to your insurance company is to take action to prevent further damage. Having Water Mold Fire of Austin remediate your loss will satisfy this requirement.

Don’t attempt to go it alone. We haveassisted thousands of homeowners with their insurance claims. Let us help you by cleaning up the damage and providing our drying documentation. Contact us at (512) 540-5768.