Water and mold damage can strike when you least expect it, leaving homeowners scrambling to file insurance claims and repair their properties. However, not all water damage is covered by homeowners insurance, and mold remediation can be even trickier.
At Precise Flood and Restoration, we’ve seen too many homeowners shocked to find out their policy doesn’t cover the full extent of their damages. That’s why it’s crucial to understand your insurance coverage before disaster strikes.
Why Understanding Your Policy Matters
Insurance policies have specific rules about what kind of water damage is covered and what isn’t. While sudden, accidental water damage (like a burst pipe) is typically covered, issues like gradual leaks, flooding, and mold growth due to neglect often aren’t.
If you’re dealing with mold, your policy may have coverage limits or exclusions, leaving you to pay out of pocket for expensive remediation. Knowing what’s covered and what isn’t can save you from unexpected financial burdens when you need help the most.
Top 5 Questions to Ask About Your Policy for Water & Mold Damage
1️⃣ What types of water damage are covered under my policy?
- Ask if your policy covers sudden and accidental water damage (such as burst pipes, appliance malfunctions, or roof leaks).
- Find out if gradual leaks, foundation seepage, or sump pump failures are covered.
2️⃣ Does my policy include mold remediation coverage?
- Many standard policies have mold coverage limits or exclusions.
- Some insurers offer additional mold coverage as a rider (an add-on to your policy).
3️⃣ What are the exclusions and limitations for water and mold damage?
- Ask about specific exclusions, such as damage due to neglect, long-term leaks, or flood-related water damage.
- If mold growth is caused by poor maintenance rather than a sudden leak, it may not be covered.
4️⃣ Am I covered for water damage caused by storms or floods?
- Standard homeowners insurance does NOT cover flood damage—you’ll need a separate flood insurance policy for that.
- Damage from hurricanes, heavy rains, or storm surges may also require special coverage.
5️⃣ What is my deductible and coverage limit for water and mold claims?
- Know how much you’ll have to pay out of pocket before insurance kicks in.
- Ask about caps on mold remediation, which often range from $1,000 to $10,000—sometimes not enough to cover full restoration costs.
Take Action Before It’s Too Late
Being proactive can make all the difference. Here’s what you should do today:
✅ Review your homeowners insurance policy and check for water and mold damage exclusions.
✅ Talk to your insurance agent about adding extra coverage if needed.
✅ Inspect your home regularly for leaks, water damage, and mold growth to catch issues early.
At Precise Flood and Restoration, we specialize in flood damage cleanup, water extraction, mold removal, and full restoration services. If you’re dealing with water or mold damage and need expert help, contact us today for a free consultation!