Does Homeowners Insurance Cover Mold?

​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. 

1. Mold resulting from natural disaster
   The first scenario is mold formation due to external causes. Similarly, your insurer may cover mold, but it will depend on what caused the damage. If the mold results from floodwater or storm surges, your homeowners won’t cover that. Why? Because you’ll be needing flood insurance for that. 
   
   However, you can be insured under other acts of nature like hurricanes and ice storms. For example, the hurricane destroys your roof, and water comes inside the house. Mold can form, and you could get coverage for it.
   
   
2. Molds due to carelessness
   Secondly, you might not be reimbursed for the mold if there’s negligence. In other words, ignoring home maintenance that results in mold formation cannot be considered part of the coverage. For example, there’s a leak under the sink, and you did not repair the leak, chances are you’ll get denied.

Conclusion
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!