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Floods create wet, humid environments that mold spores need to thrive. These spores can quickly multiply, causing significant damage to your home and posing risks to your health. It’s essential to understand whether flood insurance in Erie, CO, can help cover the high costs of mold remediation services.
Covered Perils
Insurance companies, such as Advantage Service Insurance, evaluate several factors to determine whether an event qualifies as a flood. Policies typically cover damage caused by rising water from rainfall or other weather-related events. For instance, if you live near a river, heavy rainfall could cause the river to overflow and flood your home.
However, most policies do not cover damage from other water-related issues, such as a leaking roof or a burst pipe. It’s crucial to consult with an insurance agent to confirm whether your specific situation is covered.
Mold Remediation
Whether mold removal is covered by your policy depends on several factors and circumstances. Insurance agencies may consider the following:
- Whether you delayed cleanup after being allowed back into your home
- If hazardous conditions prevented cleanup, leading to mold growth
- Policy coverage limits
- Policy exclusions
For example, a company may provide coverage for mold remediation if your area was deemed unsafe and residents were prohibited from returning to their homes. However, they may deny your claim if you were allowed back into your home but delayed cleanup for weeks because you were staying elsewhere.
It’s always important to speak with an agent at Advantage Service Insurance to learn more about your Erie, CO, policy. Our experienced representatives will listen to your situation and explain how your policy can help cover the cost of damage. Contact us today to learn more about your coverage options.
