The Ongoing Challenges of Mold Coverage in Homeowners Insurance

Sunday, 11 August 2024, 13:00

Homeowners continue to face significant challenges regarding mold coverage under their insurance policies. Water damage, particularly from mold, represents approximately a quarter of all homeowners insurance losses. However, many consumers are surprised to discover that their policies often include caps or outright exclusions for mold-related claims. This coverage gap highlights the need for homeowners to carefully review their insurance terms and consider additional coverage options.
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The Ongoing Challenges of Mold Coverage in Homeowners Insurance

Mold Coverage in Homeowners Insurance

Water damage and mold issues have become a significant concern for homeowners, contributing to about a quarter of all insurance losses.

Why is Mold Coverage Excluded?

  • The insurance industry's historical perspective on mold as a risky liability.
  • Many insurance policies have specific caps or exclusions regarding mold damage.

Key Takeaways

  1. Home insurers have long viewed mold as a considerable risk.
  2. Consumers frequently encounter unexpected exclusions in their policies.
  3. Reviewing insurance coverage and considering additional options is essential for safeguarding against mold damage.

This ongoing issue raises awareness for property owners about the importance of understanding their insurance coverage and exploring adequate protection against water and mold damage.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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