Commercial insurance in Parma, OH, provides the protection you need to ensure your business can stay open. However, mold removal is often covered on a case-by-case basis. There are several factors that insurance companies consider when determining whether to cover the cost. 

Mold From Floods

Business owners who experience mold growth after a flood may be eligible to file a claim with their insurance company. The company will consider whether floods are a covered peril. They’ll also examine whether the mold is a result of negligence. For example, is there mold because the water wasn’t removed promptly? They may also consider whether mold was likely present before the flood. 

Covered Peril

If the mold is a result of a covered peril, like a burst pipe, you may be able to file a claim. Your ability to file a claim usually depends on whether the event is covered under your insurance policy. An agent at Capretta Insurance Agency can help you learn more about what your policy covers. If you notice mold from a covered event, take pictures and contact your agent as soon as possible to make sure you file the claim properly. 

Common Exclusions

Generally, insurance policies will not cover any damage that is considered normal wear and tear, due to a lack of maintenance, or not a covered peril. For example, if a pipe were slowly leaking and you didn’t fix it, that would mean the mold is a result of negligence. 

Mold removal is complicated when it comes to insurance. Our agents will listen compassionately to your situation and work with you to determine what coverage you have. Contact us to learn more. We’re currently serving the Parma, OH, area.