Quote:
Originally posted by Joeaksa
If the insurance company finds out about it they may cancel your coverage and its impossible to get it back. Loads of houses in Texas and along the gulf coast being torn down due to mold and its the last thing you want to find.
JoeA
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Unfortunately, a lot of the problems in Texas arose because lawyers were telling people (after flooding in the Dallas area), "Let your house sit for a few months (with mold), and I'll get you a new house!" (Not to mention a hefty fee for myself.) This led to the insurance companies putting mold exclusions in their policies. This was to encourage people to clean up water damage immediately, and to end the cash cow for certain greedy lawyers.
Most of these "mold specialists" are snake oil saleman. I recently had water damage to my house (flooded basement). I cleaned it up that day and no mold formed. I even brought in a drywall contractor who recommended that I simply repaint.
Mold needs a constant source of moisture to form (or at least a source that isn't evaporating). Cleaning up the mold is the easy part--figuring out why it formed in the first place is the critical issue.
I would take care of this yourself and avoid telling your insurer. Some will try to cancel your policy, others will just see this as your problem (because of the exclusion).