Mold damage may be covered under a home insurance policy. If you are a homeowner in Lafayette, Colorado, it is important that you discuss the specific details of your insurance policy with your agent to ensure you know which limitations exist. Most policies provide some coverage for mold, but this depends on the cause of it.
Mold caused by maintenance problems tend not to be covered. This includes repeated water seepage, leaks, condensation issues, landscaping problems, continuous humidity, or drainage problems. Your policy may also exclude any type of structural or mold problem brought on by floods, unless you have an add-on flood policy.
Some types of damage may be covered, including mold that results from burst pipes and sewer backups. In many cases, if the mold is the result of a covered event, such as a fire loss, then the mold damage is covered by the policy. Look specifically at any exclusions listed in your policy, though, before assuming any level of coverage is present.
At 1st American Insurance Agency, we work closely with our homeowners to ensure they are in the very best policy for their needs. To ensure you get the right policy for your home, use our online comparative tool to easily get quotes from multiple insurance carriers. You’ll be able to see the coverage options, including rates, within minutes of using our service.
An independent agent works not just with one company, but with multiple providers. This ensures you have access to the very best insurance products available. Our dedicated agents at 1st American Insurance Agency can help you to determine if you are covered or if you need a new policy in place. Contact us today to get more information on a new policy.