Can mold damage be covered under my home insurance policy?

Mold isn’t just a threat to your home’s structural well-being – it’s also a potential health hazard that could adversely affect you and your loved ones if left unresolved. Mold damage can also be very expensive to fix, which is why many homeowners turn to their insurance providers for assistance. If you’re dealing with mold in your home in Pine River, Minnesota, you want to be sure that your covered under your current homeowners insurance policy.

Whether or not your homeowners insurance policy is able to cover the costs of repairing mold damage often comes down to the fine print. Some policies exclude coverage when it comes to mold damage while others cover it under specific circumstances. For instance, your homeowners policy may cover mold damage if it’s the result of an accidental event such as a burst pipe.

On the other hand, it’s unlikely that your insurance will cover mold damage resulting from a lack of home maintenance or general neglect. As an example, a mold damage claim resulting from repeated water leaks is likely to be rejected by your provider. Mold damage caused by flooding might not be covered under your regular homeowners policy, although it may be taken care of under your flood insurance policy, if your home is covered under one.

Insurance providers often differ when it comes to mold remediation claims, so it’s important that you get in touch with us at Hanneken Insurance. As your independent agent, we can give you specific details pertaining to your circumstance, which can not only make you more informed, but also make the claims process much smoother.