As a Florida resident, mold is a concern you have for your home. Between the state’s high humidity and likelihood for storms, your house can easily become a breeding ground for mold. And if you get mold, it can cost a lot to get rid of, sometimes up to $30,000. But can you pass that cost on to your insurance company?
When you pay for homeowners insurance, you expect that monthly premium to go towards damages in your home. But insurance companies do not like to pay for the high cost of mold. Depending on your policy, you may only have coverage in certain circumstances. Some companies will not cover mold at all. Your specific policy will determine whether your insurance covers mold.