Basements are pretty creepy places, to begin with. There are dark corners, spiders, and that awful basement smell. But what if that smell we so commonly associated with basements is mold? 

When left untreated, mold can have severe consequences for your home and your health. Many types of mold can cause allergies, respiratory infections, and if left untreated long enough, can potentially be fatal. It makes sense that if mold is in your home, your home insurance will cover the cost to fix the damage right? It turns out that might not always be the case. Luckily, the experts at Premier Group Insurance, serving those in Lakewood, CO, have the details on what may and may not be covered.

The determining factor for whether or not home insurance will cover mold is the source of the mold. If the mold in your basement is a result of a home catastrophe, such as a broken pipe, then yes, home insurance would cover the expense to remediate the mold. If however, the mold in your basement is a result of a flood, chances are the mold remediation will not be covered. This is because, in most home insurance policies, flood damage is not covered unless a person has additional flood insurance. One other way that mold remediation would not be covered is if it is deemed the mold is a result of neglect or negligence. In this case, the fault and the cost are solely on the homeowner’s shoulders.

To reduce the chances of mold becoming a problem, visit this helpful guide on how to prevent mold in house for practical tips and prevention strategies.

Knowing the ins and outs of home insurance can be complicated, but luckily the professionals at Premier Group Insurance can help. If you are a resident of Lakewood, CO and have questions concerning your existing home insurance policy, or if you need help starting a new home insurance policy, feel free to reach out to our office. Our expert staff is eager to assist you with any questions you may have.