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How To Get Mold Insurance Coverage

1/9/2020 (Permalink)

Inside of a drywall covered with mold Moldy office in Alvaton, KY

How To Get Mold Insurance Coverage

You have probably heard horror stories about mold destroying properties. Without proper insurance, your company could have to use its profits to pay for mold remediation services.
That is why you need to make sure you have proper insurance coverage. Mold insurance claims can help pay for the following:

  • Property damage
  • Mold cleanup and restoration costs
  • Bodily injury

Unfortunately, general commercial liability insurance does not always cover mold damage. However, you may be able to add mold coverage to your policy.

Mold Insurance

Some general property or liability insurance policies do cover mold, but the coverage is usually limited. Oftentimes, they don’t even cover the cost of remediation or investigation.
However, your pollution liability policy may allow you to file a mold claim. You can also add mold coverage to this pollution insurance.

Mold Management

Even if you do have proper insurance, there is no guarantee that the insurer will pay for the mold damage. If you do not take proper steps to mitigate the spread of the fungus, your mold insurance claims could be denied.
To prevent this from happening, make sure your Alvaton, KY, business has a mold management plan. You should have policies in place to both prevent mold growth and address any visible signs of the fungus.
Keep in mind that mold can appear just 24 to 72 hours after water damage occurs. Any floods or leaks must be cleaned up immediately to ensure the insurance provider accepts your claim.

Filing Your Claim

After the mold strikes, you should contact your provider to find out the type of coverage you have. You should also pick black mold cleanup specialists who work with the insurance company. This will make the mold insurance claims process less stressful for you and your business.
You don’t want to be stuck without insurance when a mold disaster strikes. You should thus make sure that mold coverage is part of your commercial policy.

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