House Mold Damage – Is It Covered by Homeowners Insurance?
Mold isn’t just ugly and unsightly – it’s also unhealthy.
The worst part about this is that any damage resulting from mold very rarely, if at all, is covered by your homeowners insurance policy, which is a huge problem.
The purpose of any insurance is to protect your investments. In the case of homeowners insurance, it is protecting your home. The problem here is that, while your house might be protected from disaster, mold is a silent creeper that’s just waiting to damage your house and cause its value to come crashing down.
So, what can you do about it?
1. Get a separate flood insurance policy
What does flood have to do with mold? Well, for starters, everything.
Flood are one of the main reasons why house mold damage happens, and the worst part is, it’s quite unpredictable. Even though it’s a no-brainer to take out a separate flood insurance policy if you live in a designated flood zone, it’s even more practical to take one out if you don’t live in one. Why? Because it’ll be cheap, and when the time comes that you’re going to need it, you’re going to have to spend your own money to repair any damage caused by mold resulting from floods.
2. Make sure that your house is well maintained
Even if you take out a separate flood insurance policy to cover mold damage resulting from floods, it still doesn’t cover your house from any damage resulting from maintenance, or the lack thereof.
Maintenance issues are no joke, especially when it comes to mold.
This is why you have to stay on top of your home’s maintenance. This includes making sure that there are no dripping pipes, or faulty appliances that are leaking, as well as overflowing sinks that can cause flooding or water damage that eventually leads to mold growth anywhere around your house.
Investing in mold-resistant drywall is also a good idea, both in areas that get wet all of the time and areas that typically don’t.
3. Have the mold removed as soon as possible
Minor mold damage is easy to fix. You can even fix it on your own, but that’s not something we recommend on the account that you could end up making the problem worse by spreading mold into other areas of your home, or getting sick from being exposed to the mold without proper gear on.
Thankfully, mold removal services don’t really cost as much as you think, especially if the damage is minimal.
If you’re planning on selling your house anytime soon, then it might be a good idea to call in the professionals to check for molds anyway, and if they see it, have mold removed and any damages repaired to prevent things from getting worse than they currently are.
You might not think that your house has mold, but it probably has.
Areas like crawl spaces, air ducts, attics, and the gap between walls are notorious for mold growth and the only way to know if there’s mold there is if you have them checked and have the mold removed if it’s found.
Selling a House With Mold Damage – Is It Possible?
Mold damage won’t just cause structural damage, it’s dangerous to your health.
Infants, toddlers, and children alike, as well as the elderly and those with respiratory issues, plus pregnant women, are susceptible to health problems caused by mold exposure.
Left alone, mold can cause a lot of health complications. Even worse, the effects of mold can last for months if not years, especially if you let the problem foster and don’t fix it right away.
This is why it’s always a good idea to get rid of mold as soon as it appears, or better yet, prevent mold from ever growing in the first place.
If you’re wondering and asking yourself, “can I sell my house with mold damage?”, then the answer is, you can. The only question is, for how much and how hard it will be. Because, if you plan on selling your house through the traditional process, then you will have to spend a lot of money fixing a lot of things before your house gets sold while waiting for months on end – and that’s if it sells anyway.
Thankfully, there is another option.
If you want to sell your home that has mold damage and don’t want to deal with insurance claims (if you have a claim), or don’t want to clean the mold up, you can always contact Cash Buyer New Jersey.
We buy houses NJ for cash at Cash Buyer New Jersey, regardless of the condition. All you need to do is to let us know what condition your property is in and we’ll give you a fair offer right there and then. If we come to terms, the deal is closed in a month’s time and you’ll be free to NOT worry about how you’re going to get rid mold from the house that you no longer own.