Does New Jersey Homeowners Insurance Cover Mold?

There is a lot of responsibility that comes with home ownership. Mold is a threat to any property and can be nearly undetected for long periods. Fortunately, New Jersey homeowners insurance could help in some instances where mold is present.

A New Jersey independent insurance agent will review your policy limits for free to ensure that you're protected. They'll compare with numerous carriers so that you have the best options. Connect with a local expert to get started in minutes. 

What Is Home Insurance?

In New Jersey, your home policy will come with a variety of coverages for claims. When you have mold present in your property, it may or may not be covered. Take a look at how home insurance can help:

• Homeowners insurance: This type of property insurance covers your home for losses due to severe weather, fires, theft, vandalism, bodily injury, and property damage. 

Incurred losses for homeowners insurance in the US

Any number of losses can create mold damage to your home. How it's covered is another story and should be reviewed with a professional.

What Does Homeowners Insurance Cover in New Jersey?

Your New Jersey homeowners insurance will have coverage for mold in specific scenarios. Protection can be found in the foundational coverages included in each policy. The following limits are used in most New Jersey home policies and may provide insurance for mold:

• Dwelling limit: Pays for the replacement or repair of your home itself when a covered claim occurs.
• Personal property: Pays for the replacement or repair of your personal belongings.
• Personal liability: Pays for bodily injury, property damage, or slander claims against a household member.
• Additional living expenses: Pays for your temporary stay at another property when a claim renders your home unlivable. 
• Medical payments: Pays for the first $1,000 - $10,000 of a medical expense when a third party gets injured on your property.

Catastrophes in New Jersey that Could Create Mold Damage

In New Jersey, 1,078,146,000 homeowners claims were paid in one year alone. When you have a natural disaster, mold can occur fast. Check out which catastrophes happen the most in New Jersey:

• Severe storms and lightning
• Hurricanes and tropical storms
• Flooding and water damage
• Heavy snow
• Burglary and other property crimes

Estimated overall losses due to natural disasters in the US

Wherever water is present due to a catastrophe, you can expect mold if it sits too long. That's why it's so important to get a loss cleaned up as quickly as possible.

Is All My Property Protected from Mold Damage in New Jersey?

Your New Jersey home policy will protect your personal belongings when a covered loss occurs and results in mold issues. Check out what your insurance will cover when mold damage is present:

• The structure itself
• Personal belongings

Does Homeowners Insurance Cover Mold Damage in New Jersey?

The cleanup and health concerns that come with finding a mold issue are a lot to handle. Mold in your home is only covered when it's due to a covered loss. Check out the ways your home could be replaced or repaired in the event of a mold loss:

• Replacement cost: Pays to replace your property to its like kind and quality when a claim occurs.
• Actual cash value: Pays to replace or repair your property to the current market value. This typically only applies to roofs, but can apply to the actual home itself if old enough.

If mold is present on its own, you'd be responsible for the loss out of pocket. Consider consulting with a trusted adviser for your coverage options.

How a New Jersey Independent Insurance Agent Can Help

Your home is a place of comfort and should be protected accordingly. Sometimes that refuge can be a real money pit if you're not prepared. There are several options on the market when it comes to home coverage.

Fortunately, a New Jersey independent insurance agent has your best interests in mind, which means you'll get highly rated coverage. They shop with carriers that are accurate and affordable. Connect with a local expert on trustedchoice.com for custom quotes today.