Over the past couple of decades, we have heard a lot about toxic mold growth in homes. This type of mold can occur after a home has been exposed to water and spores grow as a result. Toxic mold is a more hazardous mold that can produce harmful chemicals and cause health issues for the homeowner. The costs to rid toxic mold and repair the home after an infestation can be substantial.
Are You Covered?
In many cases, homeowner’s insurance policies can be quite vague when it comes to mold. In most cases, however, mold damage is excluded from coverage unless it is caused by something that is already covered under the policy. This means that it is very important to understand the root cause of the mold growth and determine if that peril is one that is covered by your policy.
A standard homeowner’s policy will cover the damage from any accidental or sudden incident. If they cover the incident that caused the mold, they will also need to cover the damage caused by the mold. So there are certain instances where your policy may cover a mold infestation.
Insurance Companies and Bad Faith
But mold remediation can be extremely costly so most insurance companies have found ways to reduce their risk even if mold infestation is covered. Most insurance policies will state a maximum that they will pay for mold damage. As professional Miami insurance lawyers, we have seen how insurance companies will even try to dispute the cause of toxic mold in order not to pay a claim.
When it comes to mold claim denials, we have seen insurance companies deny that the mold damage is covered, even when it is. They have even gone so far as to state that claims have been fraudulent or even that the premiums had not been paid. We have also seen insurance companies undervalue the cost of the remediation leaving the homeowner stuck with the difference. This is unfortunate for homeowners who rely on their insurance company to cover for damages to their home and pay their premiums faithfully each month.
Have a Miami Insurance Lawyer On Your Side
If your insurance company is denying fair coverage for your mold damage, they must provide you with written notice of exactly why they are denying the claim. If you feel that your insurance company is acting in bad faith, it is to your advantage to seek the advice of a Miami insurance claim lawyer. At Korin Law, P.A., we have represented the legal rights of clients throughout the Miami area when their insurance company does not act in good faith in accordance to policy terms.
If you have suffered mold damage due to pipe leaks, roof leaks, a malfunctioning water heater or any other calamity covered under your insurance policy, it can affect your health and also the value of your home. Call us today to see how we can help if you have been denied fair coverage for mold damage by your insurance company.