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Fire & Water - Cleanup & Restoration

Is Your Business Covered for Mold Damage?

12/4/2017 (Permalink)

Is Your Business Covered for Mold Damage?

It is always important to review your insurance policies with your insurance provider every now and again. Mold is an all too frequent problem that property owners face. Fungus growth is often found after water damage. Whether or not your property owner's insurance will cover remediation depends on your policy and the cause of the mold.

Mold Coverage

If the water damage that caused the mold was due to what is term by the insurance industry “a common peril,” it should typically be covered. Common perils include a burst water pipe or a malfunctioning AC unit. If the mold is considered an extension of water damage covered by your policy, then most or all the costs associated with removing the fungus growth will be covered.

If the growth is linked to a lack of maintenance or neglect on your part, you might have to pay out of pocket. For instance, if you fail to fix a leaky pipe for an unreasonable amount of time, and mold results because of it, you may be accused of neglect. You will be responsible for the remedying the problem on your own.

Preventing Mold

You can be proactive in preventing growth by keeping your property dry, cleaning up spills and mending leaks. Vents and fans are a wonderful way to help reduce moisture and humidity near appliances that create a damp environment. Periodically check your basement and crawl spaces for pooling water and subsequent fungus growth.

If you do suffer water damage that your insurance covers, take pictures of the area in case mold does develop in the area. The photos can act as proof of your claim.

If you have questions as to whether you have mold insurance, contact your insurance agent or consult a mold specialist in Prescott, AZ before you have work done. Visit http://www.SERVPROyavapaicounty.com for more information on mold.

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