Like any other organism, mold needs food and water. It loves to eat wood, and that's one reason why homes and other structures sustain mold damage. When it begins depleting its food source, damage occurs. Mold is easily identified by how it looks and its odor.
Any type of water damage can result in mold. How the water gets into your home determines whether your homeowners insurance will cover the mold damage and remediation. All homeowners policies declare their covered perils along with their exclusions from coverage. An occurrence that's typically covered in the context of water damage is a pipe burst. That's because the actual pipe burst is the cause of the claim as opposed to the mold itself. If a mold claim arises from Florida weather activity like a hurricane or flood, it's not likely to be covered without special coverage. You'll want to review your policy or talk to us to learn whether you have flood coverage.
Most homeowners insurers do provide mold coverage within their covered risks, but the policy limits are relatively low unless an additional premium is paid. If you do have some mold damage, you'll want to do whatever you can to mitigate your damages. You should also make periodic checks for possible water leaks in these common problem spots:
- The HVAC system lines and drains
- Hoses for appliances
- Tub, shower and sink seals
- Any visible pipes
- Weatherproofing of windows and doors
- Wet spots in the attic and missing roofing material
- Landscaping around your home
If you don't have mold damage coverage, it's recommended that you get it, particularly because mold thrives in Florida's warm and humid climate. An average mold claim ranges between $15,000 and $30,000. Mold coverage is available as optional coverage with most homeowners insurers.
Take a look at this water guide to learn a little more about homeowners insurance mold coverage. Much is going to depend on how the mold got there and the specific wording of your homeowners insurance policy. Feel free to contact a Prepared Insurance agent with any questions you might have regarding mold and homeowners insurance, or how to maintain your home to prevent mold.