Getting Mold


Mold has become a discussion most of us would like to avoid since it has” blossomed” into a real menace in the insurance world. Mold by itself is not covered by insurance but when it appears as a result of a claim, there is coverage. Mold often occurs when there is water involved-i.e. putting out a fire, flooding, or proliferation of rain. In the old days it was eliminated through common cleaning methods with relatively little cost. Now, however, mold has been trumped up to be a biological hazard and people exposed to it have claimed to have experienced respiratory problems. Because of this the methodology used to eliminate it has become specialized and expensive. Many companies have curtailed the amount of coverage available when it used to be open ended. In addition the testing procedure is intricate and costly with very little tolerance for acceptable levels. The hysteria regarding mold has abated a bit but it will continue to be a problem for insurance companies and victims alike. Insureds should ask what coverage is provided in their policies for mold and other potential “pollution” possibilities.. Insurance carriers have been quietly withdrawing from the generous levels of coverage provided in the past.

The author of this blog, Guy Hatfield CPCU CIC, can be reached at 203.256.5660.

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