By: Advocate Brokerage
The US Environmental Protection Agency named September: National Mold Awareness Month, so we thought it would be a good time to talk about how it can cause significant damage to your home, how mold relates to insurance and finally some simple preventative tips to keep mold damage away.
Mold can damage your personal property
Mold can be found everywhere. It likes to grow in damp, out of the way, hard to reach places. This can make it difficult to detect. Once it has begun to grow, mold latches on to surfaces and begins decomposing and damaging them. It can cause harm to personal property causing discoloration or deterioration of furniture, books and clothing. It can also be found in basements, attics and behind walls causing damage to ceilings and structural integrity.
Damage associated with mold may be excluded in a typical homeowner’s insurance policy
Just as exclusions for floods cause a gap in a homeowner’s insurance policy, exclusions for mold also causes claims to be denied. The exclusions are extensive; care needs to be taken when reviewing policies to ensure all property would be protected. Some important areas to keep in mind include:
An Environmental Insurance Policy is needed to fill in the gaps for both personal and commercial insurance. If you have specific questions regarding exclusions related to mold, fungi or bacteria, don’t hesitate to contact your favorite Advocate Brokerage representative at 914-723-7100.
Tips to keep mold damage at bay:
The key to controlling mold is to control moisture.
Keep mold out of your home by keeping it clean and dry.
Tips to prevent the growth of mold include: