Your insurance company will only pay for additional living expenses up to your policy's ALE dollar limits. Because repairs on your home can sometimes take months, monitor your expenses carefully to make sure you have enough ALE to cover the entire time you’ll be out of your home. If you reach your policy's ALE dollar limits before your home is fully repaired, you’ll have to pay the rest of the expenses out of your own pocket.
On average, it costs around $2,300 for mold removal. Mold spores are found in almost all environments and begin growing in just 24 to 48 hours when moisture is present. All types of water damage come with a risk of fungal growth. The longer moisture sits, the greater the risk and cost of removal. Only a qualified inspector should test for mold. An inspector can help determine if there is any and if professional remediation is needed.
When a severe thunderstorm hits, the risk for property damage increases greatly as heavy rains can cause water damage as well as flooding in your home. Flooding from storms is a major problem that requires a combination of methods to correctly treat it and protect your health. Unlike typical water damage from a leaky roof or a burst pipe, flood damage often includes raw sewage that can complicate the remediation process. As soon as flooding occurs in your home, make sure to call a flood damage cleanup expert to mitigate the damage and safely remove the flood water.
Ice dams and other roof problems can also cause water damage to siding materials as well. Here, the biggest danger is water seeping in behind your siding and causing permanent damage to more vulnerable materials. So if this happens, you will need to remove or replace the siding quickly before rot sets in. Water can also seep in behind faux stone and other external walls around your home. So it’s important to be thorough in this inspection.
An insurance policy may or may not cover the costs associated with water damage and the process of water damage restoration. While a common cause of residential water damage is often the failure of a sump pump, many homeowner's insurance policies do not cover the associated costs without an addendum which adds to the monthly premium of the policy. Often the verbiage of this addendum is similar to "Sewer and Drain Coverage".