ISO standard homeowners forms (copies hosted by the Nevada Division of Insurance) On Mold
What ISO standard homeowners forms (copies hosted by the Nevada Division of Insurance) says about mold, insurance and cleanup, with each line linked to its page.
What Is Covered
HO 00 03 covers hidden mold behind walls, under floors or above ceilings when it comes from an accidental leak from plumbing, heating, air conditioning, sprinklers or an appliance.
if such loss results from the accidental discharge or overflow of water or steam from within
Inside that limit HO 04 27 pays to remove mold, tear out walls to reach it, and test the air when there is reason to believe mold is present.
The cost to remove "fungi", wet or dry rot, or bacteria from property covered
Under HO 04 27 the fungi exclusion does not apply when the mold results from fire or lightning.
When "fungi", wet or dry rot, or bacteria results from fire or lightning
What Is Excluded
The ISO HO 00 03 form excludes mold, fungus and wet rot in general.
Mold, fungus or wet rot. However, we do insure for loss caused by mold, fungus or wet rot that is hidden within the walls or ceilings
HO 04 27 excludes damage from constant or repeated seepage, humidity or condensation over weeks, months or years unless it was hidden and unknown to you.
Caused by constant or repeated seepage or leakage of "water" or the presence or condensation of humidity, moisture or vapor, over a period of weeks, months or years
Dollar Caps On Mold
The ISO HO 04 27 limited fungi endorsement caps fungi, wet or dry rot and bacteria coverage at 5,000 dollars no matter how many occurrences.
$5,000 is the most we will pay regardless of the number of "occurrences" for:
The renters and condo version HO 04 26 has the same 5,000 dollar fungi cap.
LIMITED FUNGI, WET OR DRY ROT, OR BACTERIA COVERAGE FOR USE WITH FORMS HO 00 04 AND HO 00 06
Add On Mold Cover
Some insurers use a scheduled version of HO 04 27 where the fungi limit is a dollar amount shown in the policy schedule.
The amount shown in the Schedule above is the most we will pay for:
Conditions You Have To Meet
HO 04 27 only pays when the loss comes from a covered peril and you used all reasonable means to save the property from more damage.
only if all reasonable means were used to save and preserve the property from further damage
The mold limit in HO 04 27 does not raise the limit on the damaged property.
This coverage does not increase the limit of liability applying to the damaged covered property.