Many people believe that when you find those little spores growing in the corner of the basement, homeowners insurance will step in. However, this is a common misconception. Let’s take a look at some common questions regarding mold and homeowners insurance
When is mold covered by insurance?
If mold and other fungi, dry or wet rot or bacteria damage is caused by one of the named perils on your policy and you have the discussed endorsement, your claim would most likely be covered.
When is mold not covered by insurance?
Unless you have the endorsement discussed above on your home insurance policy, mold damage is likely not covered. Mold and other fungi is usually excluded even on a open perils policy, the most extensive of home insurance policies.
What should I do if I suspect mold in my house?