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Insurers Limit Coverage For Mold Damage
Why is Insurance Coverage for Mold Damage Limited?
It is so difficult to find insurance that will cover mold damage. Stories of mold contamination ruining homes are everywhere but yet insurance will not cover such a severe, widely known problem? Read the following quote.
Except from a story carried in the Hartford Courant:
Mold is a common plague of homes, especially after the seemingly limitless rain and flooding Connecticut has seen lately.
Insurance coverage of mold damage, though, is limited.
Insurers began restricting mold coverage several years ago in homeowners’ and business insurance policies nationwide, after mold claims mushroomed in Texas and some other Southern and Western states.
The Connecticut Insurance Department doesn’t allow home or commercial property policies to exclude or limit mold coverage for damage stemming from fire or lightning.
For the rest of the story visit Mold Coverage
Further Recommended Reading :
Jonathan from the MoldBlogger Team
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