Typically, mold that results from a covered peril is covered under your homeowners’ policy, although the amount can be limited. An example of a covered peril would be a sudden and accidental discharge of water from a burst pipe.
Most insurers limit the amount of mold-related coverage (such as testing and mitigation) they will provide. The most common limit we see is $10,000, but mold damage can cost between $15,000 and $30,000 to remedy. You can usually add higher limits of mold coverage for an additional premium.
There are several ways to prevent mold, and especially living in a humid climate like Florida, it’s important to hold yourself accountable. Here are a few examples:
It’s important to report something like a burst pipe right away so the insurance company can send cleaners before mold even grows. The best course of action is to contact your insurance company as soon as possible, try your best to dry out the room, photograph the damage and review your policy to see what your coverage is.
At Murray and Murray, we want to help you file a claim by explaining the terms and conditions of your insurance policy and properly investigating and documenting your damages. We aim to make sure the insurance company keeps its promise to you.