3 Ways Renters Insurance Covers Mold Damage

11/24/2020 (Permalink)

Renters insurance can protect it against the ravages of mold damage after a flood

3 Ways Renters Insurance Covers Mold Damage

When your Rockvale, TN, rented property suffers water damage, you may wonder if your rental insurance covers costs for secondary damage, such as mold growth. You may encounter different types of fungi growth after a flood, many of which can take hold as soon as 24 hours after a flood. Understanding coverage circumstances for such an issue may help you maintain peace of mind in the wake of mold and water events.

1. Internal Flooding
Indoor flooding, such as water from burst pipes, leaking appliances or water lines and malfunctioning air conditioning units, can all cause mold growth soon after. Even if you dry the area with fans or towels, mold damage might still occur under cabinets or carpeting, which makes it difficult to spot. You may want to report the presence of mold to your insurance representative and your landlord as soon as you discover it.

2. Water Heater Damage
Rental insurance is likely to cover any mold problems caused by your rented apartment’s water heater. These appliances can crack and leak on occasion, which may cause mold growth at the source. Over time, spores become airborne and can travel to other parts of your home and find warm, moist places to grow anew. You can ask your insurance representative about the extent of your coverage for this circumstance.

3. Property Damage
Furniture, clothing and other personal belongings can be severely damaged by mold growth. A mold removal and remediation service may be able to restore some items, and your insurance will probably cover the cost. However, because insurance companies and policies vary, speak with your local agent before you commit to any type of restorations.
Rental insurance for your Rockvale, TN, apartment or other rental property can protect it against the ravages of mold damage after a flood. The better you understand your coverage, the faster you may be able to act when these problems arise.