Does Rental Insurance Cover Mold-Damaged Belongings?

11/23/2020 (Permalink)

The terms of insurance for renters vary

Rental insurance policies may include a limited amount of coverage for mold damage to the policyholder’s belongings. Renters should check policy terms and limits in order to determine whether to seek out additional coverage for damage caused by mold at a rental property located in Gladstone, MO.

Review The Policy Terms

The terms of insurance for renters vary. Policyholders should understand a few general principles of coverage:

• Rental insurance covers a renter's possessions
  
• Claims only cover contents of a property
  
• Policies may exclude certain types of damage
  
  

A renter’s insurance policy may have mold coverage cut out or only cover a limited amount of costs associated with cleaning mold off of contents. The named insured may want to obtain an endorsement to raise the limit of coverage for mold.

Consider Insurance Endorsements
An endorsement provides coverage for perils excluded from a primary renter’s policy. When it comes to reducing out-of-pocket costs for remediating mold or cleaning and restoring any other type of damage that has been cut out of a policy, an endorsement, also referred to as a rider, can be a good stopgap for renters.

Support Claims With Documentation
Whether a renter plans to make a mold removal claim under a primary policy or secondary mold insurance, it will be necessary to submit photographs, videos or other evidence of losses to the company that provides rental coverage. Depending on the item, a policyholder may want to seek out the opinion of restoration professionals to make the best decision regarding valuable items.
Rental insurance that includes coverage for mold can be helpful when fungi starts growing in an apartment or rental home in Gladstone, MO. This coverage offsets the expense of professional content cleaning or the need to pay out of pocket to replace contaminated possessions that cannot be thoroughly cleaned to avoid reintroducing mold to a structure after remediation.