Water can cause massive damage to the house and property inside it. Water damage is often caused by a high level of precipitation and humidity. Because the condition is so wet, damage caused by leakage can increase due to mold growth. If you find that your house has received water damage, you may feel frustrated and embarrassed about what to do. If you have insurance that covers the damage from water, there are several factors and options that should be considered when applying mold damage insurance claims to cover the costs of damage.
National credit databases, such as C.L.U.E. (Full Underwriting Exchange) keep records of any transactions or activities related to your insurance. This means that any mold damage insurance claims filed by your insurance company, or even just a request, can be marked in your entries. Based on this information, the insurance company has the right to raise your homeowner’s insurance rate, to refuse an insurance application or even to cancel an existing policy. For this reason, it is essential to check your policy to see what consequences will be associated with the report of water damage and if the coverage you receive justifies the filing of mold damage insurance claims.
If you decide to pursue claims for mold damage insurance, certain steps need to be taken throughout the process to ensure maximum chances of fair compensation. During the entire cleaning process, make sure to take numerous photos of any damage. You may need to move some items from the damaged area but try to take a picture of the original state of the damage before changing it, if possible. Some insurance policies may contain duties that a homeowner must perform, such as draining any standing water or working to prevent mold, so investigate your policy to make sure that it contains these types of rules.
Mold can be a severe problem for water damage. In a humid climate, mold can spread quickly and cause serious damage to both your property and your health. Steps can be taken to prevent or minimize mold growth, and these precautions should be taken as soon as possible to avoid catastrophic problems.
As soon as you start contacting your insurance company in connection with insurance cases related to the payment of mold, it is essential that you write down all correspondence. The insurance company is responsible for processing mold damage insurance claims in accordance with certain procedures and terms, so it is important to have proof of the time and content of any communications with the company in the event of an unclear problem, for example, your insurance company refusing to pay a reasonable amount for the damage caused. Your claim may include additional living expenses if you are forced to live elsewhere while the repair is damaged. This may include the cost of the hotel, transportation, storage, etc. If you claim compensation for them, do not forget to keep all receipts received for these costs. Unfortunately, the new law allows insurance companies to postpone compensation for damage from water until the repair is completed, so you may have to pay for pocket expenses. In this case, be sure to keep all costs associated with the repair.
When hurricane and rainy season is in full swing this usually leads to more water and floods. In light of the catastrophic floods that hurricanes can bring, it is important to remember that flood damage is covered regardless of water damage. Many people do not find that homeowners insurance usually does not cover flood damage until they encounter thousands of dollars in repairs and do not recognize the unfortunate truth that they must themselves finance this cost. It is important to fully understand what your insurance policy does and does not apply until it’s too late.
If you feel this is too much to handle then contact us for a consultation. We specialize in making insurance claims to help guide you through this process, so you can move forward with your life. Call us today at (561) 452-6332.