Mold Coverage
Insurance protection for mold-related damage, which is often limited or excluded in standard homeowners policies.
Detailed Explanation
Most policies restrict mold coverage unless it results from a covered peril like a burst pipe. Many insurers offer limited mold coverage endorsements for additional premium. Coverage amounts are typically capped at $1,000 to $10,000.
Practical Example
After a covered water leak behind Ryan's dishwasher, mold began growing in the cabinet and wall. His policy's $5,000 mold coverage endorsement helped pay for professional remediation after the water damage was repaired.
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