What will my out-of-pocket expenses be

Q. I have water damage and mold but my insurance plan will only cover so much for the mold damage. What will my out-of-pocket expenses be?

 

A. Many insurance carriers have a “mold cap”. This means that if there is mold discovered at a covered water damage claim, the insurance will only cover a certain amount of the work required to remediate the mold damage. The good news is that much of the work required to remediate the mold is necessary for water damage mitigation also, and can be charged accordingly. This way, charges justified under water damage can be mostly covered by insurance and, most often, the charges specifically related to mold remediation fall under the insurance cap, and your out-of-pocket expenses are limited to your deductible. Ask your insurance adjuster if mold is covered under your policy and if there is a “mold cap”. We advocate for you and are specialists at presenting the proper documentation to your insurance company.

 

 

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