Mold is often a gray area in property insurance. Knowing if you’re covered or not can feel like pulling teeth, but we’re here to help set the record straight. This guide explains when mold damage is covered (and when it’s not) when faced with a burst pipe disaster in Ocala. Know your policy so you can get what you are owed.
Reach out to your reliable team of public adjusters today at Altieri Insurance Consultants Ocala for expert assistance with your burst pipe claim. We’re here to help you get your life back!
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The Difference Between “Accidental” and “Neglect”
Mold damage happens in one of two ways. Either it’s been growing from a bit of moisture over time, completely undisturbed. Or, a big enough wave of water comes crashing through (say, like through a burst pipe) and causes rapid growth. One is covered, and the other isn’t. Knowing which is critical for fair compensation for your Ocala property.
Learn more > Mold After Water Damage In Tampa: Will Insurance Pay For It?
Covered Causes For Mold Damage
Defining water damage (in insurance terms) can be a little tricky. In Ocala, water damage and flood damage are seen as separate occurrences. The same goes for burst pipes. Every instance of water damage can result in mold, but knowing what is covered begins with knowing what type of policy you have.
Burst pipe insurance policies typically cover expenses for mold clean-up services. This is to prevent the fast and wide spread of growth that begins once moisture is trapped on the property.
The key here is acting quickly to prevent further damage once the mold or water is discovered. Take many photos before cleaning up to assure that your evidence of loss and damage is preserved for the adjuster to see.
Read more > What Types of Water Damage Are Covered Under Insurance?
| Our Recommendation: Insurance companies in Florida sometimes offer optional protection plans for sump pumps and water backup. Having this additional coverage can increase your chances of mold-related compensation. |
Mold Damage Exclusions
When’s the last time you’ve had your property inspected? If it’s been a while, then your insurer might use neglect as a reason to deny your claim. Lack of proper maintenance is a feasible reason for mold growth that was entirely preventable. As such, your case may be categorized under a mold damage exclusion. This is true even if you recently experienced a burst pipe and you have the corresponding policies.
The right move? Hiring a public adjuster in Ocala for pre-loss planning and policy reviews before your property sustains mold damage.
| Important Note: Even if your mold damage is covered, many policies set a limit on the amount of compensation. This can range anywhere from $1,000-$10,000 on average. |
Altieri Insurance Consultants Helps You Navigate Burst Pipes and Mold Damage In Ocala!
Make sure you’re receiving fair compensation for your burst pipe claim in Ocala. We’ll inspect your property and look over your policy to ensure that your settlement offer is accurate. Call Altieri Insurance Consultants Ocala today at (813) 247-4757 to schedule a consultation appointment! Get ahead of the game with a professional policy review.
