UG Insurance Brokerage Inc Blog
You may be in a situation in which you’re wondering if your home insurance covers mold issues. The answer is: sometimes. There are situations in which you may be able to get coverage for mold damage.
Covered Perils and Mold Insurance
There are covered perils under your homeowner’s insurance which means there are circumstances wherein you’ll be eligible to file for a claim. What causes the molds in your home? The leaks from the roof, windows, and doors create moisture. Knowing this, you have to check which water-related peril will cover the mold in your house.
Here are some examples of instances that your policy may cover mold:
1. Malfunctioning of appliances that cause water leaks.
2. Water heater caused a leak.
3. Water damage in your home by firefighters.
The following instances are considered a consequence of a specific peril. Your insurer may pay for the mold repair and removal, but not the resulting damage.
Causes of Mold
Two instances can cause mold in your home, and your homeowner’s insurance might not cover these.
In general, it is best to know your coverage to understand when and why you may be covered for mold damage. In some situations, you can be reimbursed for repairing mold damage as well.
At UG Insurance Brokerage Inc., we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (718) 848-7777. Get your free quote today by CLICKING HERE. Coverage discussed in this article is not guaranteed. Please contact our agency to go over your existing coverage. We are happy to help you make sure your needs are being met!
It really helped when you explained that there are circumstances wherein we will be eligible for the claims, especially when they are covered perils. I should ask about that when I find a homeowners insurance provider, since I plan to buy an apartment this year. It will be necessary for my peace of mind and budget in the long run, especially when issues like mold can be prone in areas close to bodies of water.
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