A Claim Against Mold

7/18/2018 (Permalink)

Bathroom Mold Damage

Mold can grow in any climate, even in Towson, MD. It takes only 48 hours for growth to take root, beginning life unseen and unknown. By the time the fungus is detected, it may have already affected the structure and employees of the business. Because mold damage requires professional expertise and equipment to eradicate it properly, fiscally responsible business owners should look to commercial insurance coverage for assistance.

Covering Mold or Fungus

Whether purchasing a new policy or reviewing an existing one, it is important to note that mold insurance may never be mentioned. Instead, many companies refer only to fungus, broadening the scope to address additional concerns that fall under that category. The following issues are often covered under Limited Fungus Coverage:

• Mold
• Mildew
• Released spores
• Emitted toxins

Getting to the Root of the Policy

It is a good practice for business owners to be personally familiar with the company’s commercial insurance coverage, taking time to sit down with an agent to get a clear understanding of what situations are included. Not every occurrence is honored by the insurance company. Instead, there may be exceptions, which can vary from state to state. Therefore, it is essential to make sure the rules of Towson, MD, meet the needs of the business.

Proactively Ensuring Success

Having a full understanding of the insurance policy helps a business properly execute mold damage remediation, and it also creates an opportunity to explore proactive plans. Long-term leaks that cause fungi to grow are often not covered, so establishing routine maintenance and inspections could save thousands of dollars. It is also common for insurance policies to have a cap on how much will be paid to cover damages. Knowing this dollar limit can help a business budget for extra costs that may arise.

Good policies and good coverage are always desirable. In addition, awareness and aggressive measures make any commercial insurance policy stronger and more effective.

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