The Complicated World of Mold Insurance Claims

2/2/2021 (Permalink)

A professional mold mitigation franchise is your best protection against a fungal outbreak.

You can count on commercial insurance to cover your business in Murfreesboro, TN, in the case of many perils. When it comes to mold insurance claims, though, there are several unknowns and gray areas. This isn't too unusual in the insurance industry, but it can be even more complicated when dealing with mold. For this reason, it is always in your best interest to speak in depth with your insurance agent. Most policies have a fungus exclusion, which rules out coverage and payments, but there is also a thing called limited fungus coverage. This typically does provide some money to business owners for fungus damage, repair and repair under specified and named conditions.

Company Responsibility

There are several situations that are pretty clear when it comes to mold insurance claims. If you have acted negligently or improperly in maintaining your property, the insurance company is unlikely to honor a claim. This can take many forms:

• Failure to maintain an adequate roof system
• Failure to repair leaks
• Incompetence in cleaning up after a flood
• Failure to act on repairs in a timely fashion
  

In other words, if your company could have done something to limit damages and did not, and this inaction resulted in mold damage, the insurance provider will deny a mold claim. If you find mold on your property, it is crucial to take swift, appropriate action.

Mold Remediation
A professional mold mitigation franchise is your best protection against a fungal outbreak. A SERVPRO team is Faster to Any Size Disaster and they will come to your facility in a matter of hours. Trained technicians will work to stop and remove any standing water in the building, often the cause of mold growth, and they will take action to contain the spread of microscopic mold spores. The rest of the process includes removal, cleaning, and restoration of damages. The franchise, experienced with mold insurance claims, will help document any damages and repair costs to speed up the claims process.