Will Your Rental Policy Cover Mold Damage?

11/24/2020 (Permalink)

Black mold damage in Hamilton Mill, GA

Rental insurance can be a bit confusing. It is sometimes unclear what your policy does not cover. Mold insurance, in particular, is often complex. Below is a rundown of when your renters' policy covers mold damage.

When Mold Is Covered

Your insurance should pay for any mold that results from an accidental and sudden peril. Many disasters fall into this category, including:

• Windstorms
  
• Hail
  
• Theft
  
• Fire
  
• Lightning
  
• Vandalism
  
• Volcanic eruptions
  
  

However, since mold thrives in wet conditions, the spores are most common following interior floods, HVAC leaks or pipe bursts. If you experience one of these scenarios, call emergency restoration experts in Hamilton Mill, GA, immediately. They can repair and disinfect your belongings before the mold growth begins. Your insurance should pay for the cost of this service. The policy will also cover any necessary mold removal and cleanup.
Don’t forget that your rental insurance only covers damage to your personal property. Any harm to the actual building is your landlord's responsibility.

When Mold Is Not Covered
Your rental insurance policy likely includes some mold exclusions. For instance, most renters' policies do not pay for any water or mold damage caused by external floods. These floods can result from sewer overflow, storm surges and heavy rains. However, you can purchase separate flood or sewer endorsements that should cover mold caused by these perils.
Insurers also will not cover mold that results from your negligence. If you leave out wet items or fail to remove standing water, the insurer may deem you liable for the damage and refuse to pay for the repairs.

How Much Damage Is Covered
Many insurance companies limit how much they will pay for mold claims. They may not give you more than a few thousand dollars per incident. You can purchase separate endorsements for your more valuable belongings, such as musical instruments, electronics and jewelry.
Rental insurance usually contains some mold coverage. However, that coverage may be limited, and it only applies in certain situations. Be sure to read over your policy so you understand exactly what is included.