Insurance and Financial Services Ombudsman On Mold
What Insurance and Financial Services Ombudsman says about mold, insurance and cleanup, with each line linked to its page.
Dollar Caps On Mold
Hidden leak extensions in house policies are usually capped at about $2,000 to $3,000.
The extension is usually capped at about $2,000-3,000.
Good To Know
Not knowing about hidden damage does not stop it from being gradual damage.
Your knowledge about the damage is not relevant to whether it is gradual.
If the insurer relies on a gradual damage exclusion, it must show the damage built up over time.
If the insurer relies on a gradual damage exclusion, it needs to show the damage developed over time