Does Mold Have a Hold? Any Kind of Water Damage in a... -
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Published on: 2/3/2006
Last Visited: 2/10/2006
Randy Raynolds, deputy vice president of the Illinois Association of Realtors, said insurance companies with homeowner policies that cover mold generally limit payments between $5,000 and $10,000.
He said Illinois homeowners should not be concerned that filing a claim for water damage would make their houses uninsurable.
However, he did think the cost of insurance would go up on such a house.
"If I had significant water damage to my home, I would turn in a claim, but if it were damage that I could take care of and cover without a great deal of pain, I wouldn't turn it in," Raynolds said.
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- Hire an industrial hygienist who specializes in mold or indoor air quality or an environmental engineer to investigate your home if you think you have a mold problem, said Randy Raynolds, deputy vice president of the Illinois Association of Realtors.
"A lot of people become experts and want to charge a lot of money to do something," he said.
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- There is no scientific data about how much mold will or will not hurt humans, Raynolds said.He also said there is no such thing as licensed mold remediators in Illinois.