Is mold covered under a standard homeowners insurance policy?

Answer 1

It depends on your policy. Some exclude it entirely, some don't, many have dollar limits for mold remediation. In almost all cases, however, if there is mold coverage, it only goes into effect if the mold came from an otherwise-covered event.

For example, assume that you have coverage for pipes that burst or leak and you also have mold coverage (of some amount). If you get mold because of a pipe leak, you could get mold coverage if your contract allowed it.

Insurers have worked hard to limit the dollar amounts they need to pay for mold claims.

Answer 2

It depends. There are so many different coversages...different comapanies, different regions, experience different risks/perils. You need to get a copy of your Homeowners insurance policy from your AGENT. READ your policy. If you do not understand the coverage...ASK your agent to go over it. The verbage in policy can be extremely confusing to a homeowner. I am an adjuster and it is confusing to us at times. Thisis the only real way you will know what you are covered for. Where the mold came from, HOW it came into being...these are factors in whether or not it is covered.

Answer 3

I don't think it is. Most homes, particularly in the south, have some mold or mildew somewhere in the home. It wouldn't make financial sense for the insurance companies to cover it.

Answer 4

Nope. Insurance companies protected their money from mold lawsuits years ago.

Answer 5

No, it is not.