Mold Damage: What You Need To Know About Commercial Insurance

4/24/2018 (Permalink)

If you ever need to call in a mold removal specialist in Cleveland, TN, call SERVPRO of Bradley County.

Every insurance policy is different, so if you have specific questions about your coverage, you should contact your insurance provider for answers. In general, however, most commercial insurance covers remediation of mold damage in Cleveland, TN, under most circumstances, unless the policy has what is known as "limited fungus coverage" or a "fungus exclusion." Understanding what is and isn’t covered under these conditions can help you decide what kind of policy to purchase or help you figure out if you need to get additional mold insurance.

What Is Limited Fungus Coverage?

Limited fungus coverage means that your insurance will cover mold remediation if the mold is a result of issues already covered by your policy. For example, if a water pipe bursts in your wall and burst pipes are covered by your commercial insurance, then any mold that develops as a result of the burst pipe will also be covered by your insurance. On the other hand, if the mold is a result of storm flooding, it may not be covered because flood insurance usually needs to be purchased separately. If the cause of the mold is covered, your insurance should pay for the following costs:

• Removal of mold-damaged material
• Removal of materials to access mold
• Replacement of removed materials
• Testing to ensure mold has been eliminated

What Is a Fungus Exclusion?

Some policies have a fungus exclusion, which means that they don’t cover mold remediation even if it’s caused by something that is covered by the policy. Even a fungus exclusion will usually include a few very unlikely situations for which the policy will cover mold removal, such as fire, vandalism or sinkholes. If your commercial insurance includes a fungus exclusion, it can be worth your while to invest in additional coverage for mold remediation. That way if you ever need to call in a mold removal specialist in Cleveland, TN, you won’t be caught without coverage. For more information, visit http://www.SERVPRObradleycounty.com/.