The real estate community is abuzz with talk about insurance and liability issues involving Stachybotrys chartarum, also known as black mold or toxic mold. Some homeowners have even burned down their homes, and everything in them, because they felt it was the only way to eradicate toxic mold from their surroundings.
Juries have awarded large sums of money to homeowners who initiated lawsuits against their insurance companies. The juries primarily awarded people whose insurers did not pay for repairs in time to prevent severe mold contamination related to moisture or that poor workmanship helped contribute to a mold contamination. However, there’s now usually a clause contained in the homeowner’s policy that details what will be owed for any mold-related issue.
Be Aware of Black Mold in Your Home
Make sure mold or other major problems aren’t affecting your home, and avoid finding toxic mold in your newly purchased home by enlisting a professional home inspection – a service Mold Busters can surely provide you with.