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Tips You Can Use: Reduce Your Exposure to Mold Claims

Although the screaming “toxic mold” headlines have largely disappeared, mold damage remains a significant problem both generally and specifically following many types of insured losses. The following tips are from the International Risk Management Institute:

  • Growth of mold may begin with or become exacerbated by water damage that is inadequately repaired. Increasingly, airtight building construction and the recirculation of contaminated air can contribute to the growth of mold as well.
  • According to the Insurance Information Institute, the typical mold claim costs between $15,000 and $30,000, Part of this cost is the additional living expenses component of the claim. Frequently, a home owner must temporarily move due to major, necessary remediation work.
  • Active mold is fuzzy, velvety or slimy, and is orange, green, black, brown, pink, or purple in color. If you suspect you have a mold problem in your home, here are some tips to consider.
  • Check the inside and outside of the dwelling for leaks and any visual evidence of contaminants since plumbing leaks are a primary cause of mold in homes. It is important that the source of the leak be repaired as quickly as possible.
  • If there is a slight amount of mold, use a detergent solution to remove it. Wear a mask, safety goggles, and rubber gloves while performing this task.
  • For larger amounts of mold or resistant mold, contact a qualified specialist in the area of mold remediation.
  • To mold-proof your home, dehumidify your basement during the warm months. Eliminate standing water, and frequently clean and replace furnace filters.
  • Regularly check the condition of your roof and exterior finish for any places where water might enter your home.