Finding mold in your home is never a good sign. Mold found in a home can not only pose a serious risk to individuals, but it can inflict damage to a home. 

Home insurance is meant to protect a home by covering damages – yet many don’t know if mold damages can be covered.

See how mold affects home insurance coverage below!

Mold’s Debatable Coverage

Mold is a form of damage. However, there is a reason why it’s a contested damage claim – the basis comes from how mold occurs. A house environment that is damp, moist, with organic material is a surefire recipe for mold to easily spread. 

There are multiple ways mold can thrive in the home, such as:

  • Roof leaks
  • High interior humidity
  • Overflowing washing machines
  • Flooding 
  • Poor ventilation 
  • Leaky pipes

Home insurance companies might not cover mold as damage based on the rationale that it’s a byproduct of the homeowner’s potential negligence. From a home insurance company’s perspective, a failure to act on home repairs or upkeep can be seen as grounds for your damage claim to be considered moot. As a result, many home insurance companies typically don’t cover mold damage claims.

Home Insurance Policies 

Every homeowner has unique needs and expectations – which is why there are various home insurance companies in Calgary. Not every home insurance company will have the same type of policy for coverage. The range of coverage can be either minimal or a lot, depending on where you get home insurance from. 

Some home insurance has unique policies that can even cover niche damages. In which case, there is a possibility of finding home insurance that can cover mold damages to a certain degree by having a cap amount. It’s more of finding the right home insurance company that would consider mold as a legitimate damage claim.

Coverage For Mold

There are ways to go about getting coverage for mold damages. It comes from knowing how to prove to home insurance companies that can be linked to a form of loss.

Mold damage can be considered if the homeowner can prove they have been actively preventing mold. A home inspection reporting the general condition of a house can be potentially beneficial in supporting your claim. If you know you maintain good upkeep in your home, it can prove to insurers in writing from a third party that your claim is valid. 

A paper trail of receipts from home repair companies that failed to repair damages correctly could support your claim – like a leaky roof. It shows insurers you put the effort towards preventing mold and unfortunately paid the price from a poorly done repair.

Lakeview Insurance Brokers Ltd. has been a highly dedicated member of the Independent Brokers Association of Albert and has been family-run since 1979. Our brokers take the time to ensure you get the best policy that suits your needs. Contact us today to get started at 403-287-2521 or send an email to [email protected].