Gradual Damage & Insurance

8/5/2019 (Permalink)

When does an Insurance company cover Gradual Damage?

This is where things get tricky. You can figure out what an insurance company will and will not cover based on the policy wording. Your insurance advisor, agent or broker is the best person to review the exact details of your wording with you. You will have to review the exclusions of your policy as well as the type of coverage you have. 

Water Damage Exclusions on Home Insurance

All insurance policies exclude wear and tear, and gradual damage, however, there may be some "exceptions".

Examples of Mold Related Water Damage/ Gradual Damage Claim

• Mold: Some companies may allow you to purchase coverage for mold remediation. This varies from state to state and by insurance company. In some states like California and Texas, policy makers are pushing to have limited basic mold coverage added to the policies. However, the best way to find out if your policy provides any provision is to inquire with your representative or licensed insurance professional to find out if this could be available to you. It may be available by endorsement; every company is different.

https://www.thebalance.com/how-to-handle-water-damage-claims-3860314

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