Is Mold Growth Covered by Insurance in Freehold County, NJ?

Throughout the years, we have stumbled across dozens of horror stories about mold infestationsplaguing homes and businesses in Freehold County, NJ. These stories include sick children, respiratory illness, and immense property damage, all caused by mold. The moral of each story is that mold spores can be toxic in a confined space, such as your home.

If you spot even one mold spore in your house, you’ll want to schedule mold remediation services immediately. The question is, does your insurance policy cover mold remediation? Let’s find out what homeowners insurance policies in Freehold County cover and what they don’t.

Mold found in the home is tricky situation to deal with. At least, it’s tricky under a homeowners insurance policy that doesn’t have additional mold coverage included. Mold removal is only covered by the base policy if the mold was caused by a “covered peril.” The top covered perils include accidental discharge from water or steam pipes, frozen pipes, fire, lightning, or falling objects.

Obviously, a falling object is not very likely to cause a mold infestation. A burst or frozen pipe, though? Those can definitely lead to mold growth. In that case, you would be covered for mold remediation.

Here are a few other examples that indicate when mold is covered by your insurance:

• If your water heater bursts, dumping gallons of water that lead to mold growth.
• If you endure a home fire and mold develops due to the fire department using water to extinguish the flames.
• If a water-based appliances malfunctions and floods the room, resulting in mold in the floorboards.

Mold, like water damage, is tricky in terms of insurance coverage. If the mold infestation was caused by neglect or a lack of maintenance, you’ll be outright denied for coverage by the insurance company. For example, if you spot a minor plumbing leak and put it off, then mold develops in the walls, you are responsible for the costs. The insurance company will not pay a dime.

Furthermore, if you live in a humid climate and fail to install a dehumidifier, should mold arise, the insurance company will argue that you could have prevented the situation.

If mold remediation is not covered by your insurance policy, you’re looking at a high expense. On average, mold remediation costsaround $500 on the low end and $6,000 at the high end. In rare cases, mold removal can cost upward of $30,000, depending on the extent of the damage and infestation.

Even if you do have mold coverage, it may only cover up to $15,000 in damages. You’ll need to find an experienced, affordable mold remediation service nearby.

For top-rated mold remediation and inspection services, contact Restoration 1 of Freehold County. You can reach us daily for mold services at 908-463-9044. We have mold experts standing by 24/7!