Mold Damage Insurance Claim – You Need Experts
In Florida property damage caused by mold can be a real problem. The combination of Florida’s rainy weather and humid climate creates the perfect environment for damaging mold. Fortunately, most homeowner’s insurance policies provide coverage for the damage caused to your property by mold. Unfortunately, the coverage provided by many policies is extremely limited. Up until a few years ago, damage caused by mold was covered under Coverage A of your homeowner’s insurance policy. Coverage A of your policy provides coverage to the main structure and sets forth a policy limit which, at least in theory, is related to the replacement cost of your entire home. A few years ago, the insurance industry lobbied for and were allowed to alter their policies to include a limit of $10,000 for loss caused by mold
What does this mean to you? To start no matter how catastrophic your damage is or how high the cost to repair your home your policy will only provide coverage for up to $10,000 for these repairs. In addition the insurance company can deduct from the amount the insurance company spent to investigating this loss! In other words, if mold caused $30,000 worth of damage to your home and, upon contacting the insurance company, the carrier spends $2,000 investigating the mold damage you would only be left with only $8,000 to repair your home ($10,000 coverage minus $2,000 investigation expense incurred by carrier).
Although the mold coverage available under your homeowner’s insurance policy may be very limited, there may be other portions of your policy which may provide coverage that can compensate you additionally to the mold coverage.
USA DAMAGE RESPONSE TEAM can help identify areas of water damage and mold damage AT NO UPFRONT COST TO YOU.
IF YOU THINK YOU HAVE DAMAGE CLAIM TO YOUR HOME OR BUSINESS
CONTACT USA DAMAGE RESPONSE TEAM TODAY
