When determining how much mold insurance coverage you need, it’s important to know the facts and evaluate your needs. You can have a water damage insurance claim without having a mold insurance claim, but you cannot have a mold insurance claim without having a water damage insurance claim.
Mold needs moisture in order to grow. The critical factor which will escalate a water damage claim to a water and mold insurance claim is time. Time between the onset of the water event to the time it is discovered and action is taken to stop the leak and dry the area. Time is of the essence because mold can start growing within 24 to 48 hours following a water event. If the leak is not discovered within this time, mold will set in and grow over time, especially in a damp environment.