Does Renters Insurance Cover Flood-Related Mold?

Renters insurance is there to help you when an incident occurs damaging your property within your rented space, but not all renters understand how far that coverage extends. Often times, it seems like the problem is for the landlord or property owner to take care of when in fact, your insurance can be there to help you as well. In some situations, such as when your property is damaged from mold, renters insurance may be able to provide you with the protection you need.

Is Mold Covered?

This depends on several factors. First, the mold must be due to an unavoidable accident or covered incident. For example, if your insurance does not cover flooding, it likely will not provide the coverage you need for mold repair if that mold developed as a result of an uncovered flood. However, if it occurs due to burst pipes or another type of unavoidable incident—one that is covered by the policy—then the mold damage is likely to be covered.

How Can It Help You?

The key factor to remember when considering how your renters insurance can help is to consider the variety of solutions it can provide. If mold develops on your property, such as your household belongings, the policy may be able to pay for the costs associated with replacing those items or cleaning them as needed. In addition to this, it can help you cover costs if you are forced to leave your home as a result of the mold. In these cases, it can help to cover the costs associated with a hotel or other temporary means or accommodations (according to the details of your policy).

Work to Prevent Mold

Even though your renters insurance may provide some protection and reduce your overall costs, it’s important to take steps to prevent mold whenever possible. Remember, mold brought on by a lack of maintenance may not be covered. By investing in a dehumidifier, properly cleaning up and drying out after an incident and ensuring no moisture builds up behind water lines, you can keep your space protected and keep your insurance claims down.

The right type and amount of renters insurance is also important. Be sure to take the steps necessary to keep your insurance in place so you don’t have to worry about the cost of certain risks.

Do you know the details of your policy? Call Key City Insurance at (866) 466-2109 for more information on Victorville renters insurance.