Does Flood Insurance Cover Mold Issues Caused By Floods?

Flood insurance is a crucial safeguard for homeowners in flood-prone areas, but its coverage can be complex, especially when it comes to mold issues caused by floods. As a proud member of the Pembroke Pines, FL, community, the team at Adan Financial Services is aware of flooding issues for those in the Sunshine State. We will work with you to help you understand flood insurance and ensure you have ideal coverage.

What Is Flood Insurance?

Flood insurance, typically provided through the Federal Emergency Management Agency’s National Flood Insurance Program (NFIP) or private insurers, primarily covers direct physical losses caused by flooding. This includes damage to the building and its foundation, electrical and plumbing systems, HVAC equipment and certain personal property. However, when it comes to mold, the coverage is more nuanced. Policies may be available for homeowners, renters and businesses.

Is Mold Cleanup Covered?

Carriers may not cover flood-related mold damage if they determine that the homeowner could have prevented the infestation. For instance, if a homeowner fails to clean and dry their property promptly after a flood, any resulting mold damage may be deemed preventable and thus not covered.

However, there are scenarios where mold damage might be covered. If the mold is a direct result of the flood and the homeowner took all reasonable steps to mitigate the damage, some policies might provide coverage. For example, if standing floodwater is unable to be cleaned up immediately, such as due to an authorized official restricting the area for safety reasons, mold issues may be covered.

Are There Other Financial Protections Available?

Homeowners should also be aware of additional programs that might offer assistance. For example, FEMA’s Individuals and Households Program can provide financial help for mold remediation if the home is deemed uninhabitable due to disaster-related damage.

Get the Right Flood Insurance Coverage

Contact Adan Financial Services in Pembroke Pines, FL, to learn more about flood and mold coverage options or to compare personalized quotes.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.