Will My Homeowner’s Insurance Coverage Damage From Mold?
You pay a premium every month, but you may not think much about your commercial insurance plan until you need to use it. If you discover mold growth in your Lokosee, FL, office, it’s important to understand your coverage and whether you’ll have to handle any of the repair or replacement costs on your own.
How Did It Get Here?
No one wants to find mold anywhere in the building. Unfortunately, it’s not an uncommon occurrence. Fungal growth can find its way into your office in many ways, including the following:
- Leaking pipe
- Broken water heater
- Poor drainage
- Poor ventilation, especially in a humid area
What Will Your Insurance Cover?
Mold damage is a serious concern or any business owner. Costs can be heavy, so you want all the help you can get. Most insurance plans will approve your claim if the mold was due to some type of peril such as frozen pipes, a pipe burst or excess water on your roof getting into your home through the attic. These conditions could create fungal growth. Because they are sudden incidents and occurred due to no fault of your own, your plan should take care of you.
When You’re Probably Out of Luck
Your commercial insurance plan is handy, but it won’t take care of everything, even when it comes to mold and its effects. The most important thing you can remember is that you have a responsibility to take care of your building. If mold forms due to your neglect, your insurance won’t cover costs. If you notice a problem that could cause mold but put off cleanup or do nothing about it at first, you’ll have to pay for repairs and hire a mold remediation specialist without insurance help. It could be beneficial to purchase mold insurance and have an extra layer of protection.
Make sure you examine potential areas where mold could grow in your building. If you do your part, your insurance should be able to help in situations where things are out of your control.