. Do I have Insurance
The answer to that question is "that depends." The first thing you should do is read your
individual policy. Some insurance
companies offer fairly good coverage for mold. Many other insurance companies have
limits or exclusions for mold.
to obtaining mold coverage is understanding that there are policies that cover
mold consequential to a covered loss. In English, that means if something like
a pipe breaks and you get mold, it could be covered. If the mold is because your basement walls
leak when it rains, it's probably not covered.
damage is generally not covered unless you have "Flood Insurance.
" You may find it interesting that
according to a piece of literature just received from Travelers Insurance, 25%
of flood claims occur outside of flood areas.