What Property Owners Need to Know About Mold Growth Lawsuits

7/22/2019 (Permalink)

Frozen pipes in your building may be covered by your insurance

Many property owners recognize the structural hazards posed by mold growth, but not everyone is aware that tenants can sue property managers over mold damage. In order to avoid potential lawsuits, the best course of action is to be proactive. Know your insurer’s policy on mold insurance claims, understand your responsibility as a property owner and take steps to prevent mold growth before it becomes an issue.

Insurance Coverage

It is a good idea to ask your insurance providers about their policy on mold insurance claims. Some types of property insurance may only cover mold damage if it was caused by a specific event. Covered events might include:

• Snow or ice damage
  
• Frozen pipes
  
• Building fires
  
• Accidental leakage from appliances or air conditioning
  
  

Furthermore, every landlord should also carry liability insurance. Liability insurance can be a lifesaver if a tenant decides to sue because his or her personal property is ruined by mold. You may also encourage your tenants to carry renter’s insurance with a mold claim policy so they are not left without a method of recourse should they incur any damages.

Warranty of Habitability

According to the law, a landlord must agree to keep the rental premises fit for human habitation at all times. While there are no laws specifically pertaining to keeping a building mold-free, tenants may sue for mold-related damages under the warrant of habitability, so long as they can prove that the mold has led to unsafe living conditions.

Mold Cleanup and Prevention

Mold insurance claims and lawsuits can quickly become a headache for everyone involved, so the best option is to pursue mold remediation when necessary and take preventative measures to deter future mold growth. Good maintenance is key. Keep humidity low, and regularly inspect for leaks, condensation or signs of water damage. Ask your tenants to promptly report any problems or concerns, and address them immediately.

Despite your best efforts, mold and water damage can occasionally happen. If your rental home ever requires water damage repair or mold remediation, rental property restoration specialists in Madeira, OH, are available 24/7 and Here to Help.