Mold can be difficult to remove in the home, but with the proper maintenance, you won’t have to deal with mold in your home. However, you might be wondering if your home insurance policy will cover mold in your home.
Your home insurance policy will cover mold based on your condition, which means not every situation will be covered.
When Does Home Insurance Cover Mold?
Fortunately, there are many instances where your home insurance will cover mold, especially if the cause is out of your control. Insurance cover mold damages when the water source is from a covered peril. Situations where home insurance covers mold damages, include water damage from an accidental event, like:
- Falling objects
- Household appliance
- Weight of snow, ice, and sleet
- Mold buildup from putting out a fire
- Appliance or equipment malfunction
- Frozen, damaged, leaking, or burst pipes
- Water and steam discharge or overflow within the plumbing system
- Water and steam overflow within the heating and air conditioning unit
- Automatic fire protection sprinkler system
Keep in mind that the above list is not guaranteed to be covered. So, read your policy carefully to determine what peril your home insurance policy covers.
When doesn’t Homeowners Insurance Cover mold?
A homeowner’s insurance doesn’t cover mold because of negligence from the homeowner. Also, flood is not covered because flood insurance is a different entity you must add to your home insurance policy if needed. This means a home insurance policy does not cover mold that grows due to home flooding. Other instances where your homeowner’s insurance policy doesn’t cover mold are:
- If there is a leak that has been neglected for many years.
- Not using a dehumidifier in your basement results in mold.