It is a well known fact that Texas property owners have a history of having to contend with mold damage. The history is so substantial that if mold damage is even mentioned to some long-time insurance company employees, it is likely to induce grimaces and flashbacks. This may especially be the case for those that were around in the early 2000s when million dollar mold damage settlements took center stage.
Of course as private insurance adjusters, we know that the Texas insurance industry has made changes since that time. Unfortunately, not all of them benefit Texas property owners. The jaw-dropping claims of the early 2000s that actually spawned the modifications in coverage actually protect insurance companies, not the property owners. As such, many Texas insurance policies offer little to no mold damage coverage at all.
At this point, you may be wondering how well your Texas insurance policy has you covered. As private insurance adjusters, As private insurance adjusters, we’d suggest digging out a copy of your policy and visiting the Texas Office of Public Insurance Counsel website. The website features a comparison tool that helps determine if your policy is better or worse than the other available policies in Texas.
While comparing the mold coverage available in Texas, keep in mind how much it costs to deal with such damage nowadays. For example, you will most likely have to hire a state licensed mold removal specialist. That, in and of itself, can cost anywhere from $150 to $550 for the inspection alone.
Once the inspection is complete, there are apt to be additional costs involved. Among them are sample processing fees, mold removal/disposal fees, reconstruction/replacement costs and temporary housing related expenditures. All of that may add up to a pulse-quickening price tag in the thousands.
Remember, a Public Adjuster works for you! If your property might have a mold issue, or you just want to make sure that you do not, contact us to get an evaluation. We will send a public adjuster out to your property to do a throughout inspection. We may not work miracles, but we will get you the payout you deserve from your insurance company, and it just might give you peace of mind knowing that someone is looking out for you and your best interest.