Most homeowners insurance companies do provide mold coverage ñ however, the amount of coverage, and whether or not the mold is covered in the first place, can depend on several variables
, and mold coverage can often be rather limited, depending on your policy.
For instance, mold growth is typically covered if it was ìsudden and accidentalî, caused by a peril covered by your homeowners insurance policy, such as a burst pipe, or water leakage from a malfunctioning appliance.
In these instances, your insurance provider will be the one who pays for mold remediation and removal. The amount of coverage, however, can vary, with some policies limiting this to $1,000-$10,000. This limit may be raised with some policies, in exchange for an increase in premium.