Tag Archives: Mold Insurance Claims

Will My Insurance Cover My Mold Treatment?

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Will Your Insurance Cover Mold Extermination?

Will Your Insurance Cover Mold Extermination?

One question that homeowners often ask is whether their insurance will cover mold treatment for their house. There is no one answer to this question, and the situation varies depending upon the insurance company and its policies regarding mold treatment. As a homeowner, you should make it a point to discuss this directly with your company at the earliest time possible, instead of waiting for the mold to develop first. Mold removal is an expensive process, and it is better to know what your payment options are before opting for a treatment.

Here are some of the factors that insurance companies take into account with regard to mold treatment coverage:

1. Causes

This can include water damage from a flood, following a fire, or from a leaky roof that is responsible for the conditions that encourage mold and fungus growth.

2. Cost

Ask mold removal experts for a free appraisal and a rough estimate of the cost for its removal and prevention for recurrence. The insurance company will take the estimated cost into account when determining whether or not they will pay for it.

3. Seriousness of the Situation

Some companies have a minimum threshold for mold and fungus growth that needs to be exceeded in order to qualify for removal. Consult with your insurance agent as well as the mold experts to determine whether the mold growth is profuse enough to warrant a removal treatment at the insurance company’s expense.

Call on us for all your NJ, Long Island and NYC Mold Remediation Services, and you will be guaranteed the finest treatment at the hands of industry experts and at the most reasonable prices.

Posted in Mold Information, Mold Remediation, MoldExterm, News

$32 Million Dollar Verdict for Mold Sets Insurers Up to Take a Fall

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Mold Insurance claims

Mold Insurance claims

Mold claims, for insurance purposes, have been a gray area when it came to households, rentals or condos. Most people would make a claim about mold issues after they had been living at a specific residence for some time. Litigation always revolved around the supposition about whether or not the mold was there when a person moved in, if there was an external underlying cause, or if the person in residence created the problem.

Ballard Vs Fire Insurance Exchange

The Ballard lawsuit changed the way the industry looked at mold infestation and mold treatment. Without going into extended detail, the Ballard Family began to experience toxic mold symptoms after a major plumbing leak, and the insurance company refused to acknowledge there was a problem, even after contractors told them there was.

Ballard eventually hired private independent mold specialists that confirmed toxic mold to be present, and once that happened, the family moved out of the residence. Based on the findings of the independents, the lawsuit against Fire Insurance Exchange was settled in Ballard’s favor.

Don’t Take Chances

If you feel that there might be a mold problem in your residence, and this is particularly true if you are renting or have moved into a property that was occupied before you, get some independent testing done. Any documentation by a certified company will go a long way if you ever have to file a claim about mold infestation.

For the best in NYC mold treatment, rely on the professionals at Stern Mold. We are part of the Stern Environmental Group, and have been serving the New Jersey, New York City, and Long Island area since 1995.

Posted in Mold Law, Mold Tips, News