The issue of mold in homes has been getting a lot of attention lately – with good reason. Homeowners face costly repairs when property is damaged by mold growth, and, in some cases, families experience serious health problems related to mold. As the problems mount, insurance companies are confronting rising claims costs and, sometimes, disagreements over who is responsible when mold attacks.
First, the bad news: As a general rule, mold is not covered by homeowners insurance policies. Standard homeowners policies cover disasters and accidents, but aren’t designed to cover cleaning and maintenance, which is the category mold falls into according to insurers. An exception: In cases where mold results from some accident or disaster (such as bursting pipes), repairs and eradication may be covered.
In addition, mold can cause serious health problems for people who suffer from asthma or have allergies (an estimated one in five of us), and can worsen cold symptoms like throat pain and congestion for everyone.
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