03 Jan Does Insurance Cover Water, Mold, and/or Fire Damage?
It’s important to understand your homeowners’ coverage in case your home is damaged by water, mold, fire, etc. The good news about standard homeowners insurance is that it covers the cost of replacing or repairing your home and contents in the event you are damaged.
Usually covers damage from water, mold, or fire. But not always. Let’s take a look at each possible claim.
Does your Homeowners Insurance Cover Water Damage?
Water damage is covered by most homeowners’ insurance policies. However, there are some limitations. For example, if your house floods due to a burst pipe, you will need to tell your insurer if it was an accident or negligence.
This means that if you are aware of a problem with a pipe and do not try to fix it, your insurance company may hold you responsible for any water damage.
Standard homeowners’ insurance policies usually cover roof leaks if they are caused by an event , such as a storm. Flood damage is, however, almost always excluded from homeowners’ insurance policies. Therefore, you will need to have a separate policy for this type insurance coverage.
Does your homeowner’s insurance cover mold damage?
Your homeowners policy may cover mold damage if the damage is caused by a covered risk. Your insurance policy won’t likely cover mold damage if it isn’t caused by regular maintenance or neglect. If your home is contaminated by mold, insurance companies will often deny coverage.
- Inadequately sealed windows and doors.
- Leaks that have not been addressed.
- Poor ventilation is a problem, especially in bathrooms, kitchens and laundry rooms.
Flooding and sump pump failures are two other common causes of mold damage not covered by standard insurance policies. Mold damage coverage can vary from one policy to the next. Talk to your insurance agent about what your policy covers.
Does Your Homeowners Insurance Cover Fire Damage?
Insurance coverage for homeowners typically covers the repair or replacement your home and personal belongings in case of a fire. It also covers unattached structures like garages or guest houses.
- Coverage for dwellings includes your home as well as any attached structures such a shed or garage. You may also be eligible for reimbursement for expenses incurred while you are away from your home to repair it.
- Attached structures include sheds, garages, guest houses, fences, and sheds.
- Personal property insurance coverage typically covers personal belongings such as clothing, furniture, and appliances. You may be eligible for reimbursement under some policies, such as landscaping.
Understanding Your Homeowners Insurance Policy
It is important to understand the details of your homeowners insurance policy so that you know what to do in case you need it. While many homeowners buy policies that meet the requirements of their mortgage lender, they are often not sufficient to cover all aspects of rebuilding a home or replacing everything.
You might consider replacing your actual cash value policy with a replacement cost policy depending on where you live.
You can get replacement cost insurance to cover the costs of repairs or replacing your home and other belongings. However, cash value policies also take into account depreciation and other factors.
What to Expect when Working with a Remediation Company
Our Long Beach Water Damage Restoration Specialists offer water restoration, mold remediation and fire damaged restoration services as well as smoking damage solutions to protect your home and family.
It is important to notify your insurance company immediately about a claim for water damage, mold damage, or fire damage. However, it is also crucial to quickly begin the remediation and restoration process to minimize any further damage.
- Our Long Beach Water Damage Restoration services include drying your house and identifying the type of water damage that your home is experiencing.
- Mold remediation is about removing mold quickly and thoroughly, and bringing indoor mold levels back to a normal level.
- Our fire damage restoration services can help reduce the financial and emotional stress that a house fire can cause. We quickly stabilize your home to reduce smoke, acidic soot corrosion, and deterioration. We can also assist you in determining whether certain items should be replaced or restored.
Our skilled technicians have decades of experience and are equipped with the latest tools and technologies to deal with any fire, water, or mold damage that may occur in your home.
Our Long Beach Water Damage Restoration Specialists are certified in many disciplines. This makes them uniquely qualified to make your home’s disaster recovery and restoration process as easy as possible.
We can be trusted to:
- We respond quickly to any disaster at home, 24 hours a days, every year.
- Expertly remove water, mold, or fire damage.
- As soon as possible, return your home to pre-loss condition.
- Your insurance company should be consulted closely.
Our Long Beach Water Damage Restoration Specialists will keep you updated on the progress and provide clear documentation.