Within the last several years more and more states have experienced their fair share of flooding. And as a result many homeowners are left with a considerable amount of water damage and mold. Yet because raging waters and problematic molds are damaging so many homes, more and more insurance companies are refusing many homeowners’ claims that will allow them to cover the mold remediation cost of their homes.
And while there are still some insurance companies who are willing to cover such costs, those homeowners can expect to pay anywhere from $200 or more per a month for the extra coverage and of course it won’t cover certain moldy situations. For example if your claim involves a pipe breaking and resulting in fungus growth, the insurance company may not pay for it.
So for the rest of the non-insured world, we’re sucking it up and just paying those mold removal costs on our own. Sure it may seem a bit much, but if you live in an area where the humidity isn’t very high, you may only experience mold growth in your home once in your lifetime.
So instead of dishing out $200 per a month to cover the expenses needed to hire a mold remediation company, you’re really better off just depositing it into a savings account until you actually need it.
Still, when that time comes you certainly don’t want to have your checkbook drained dry, so you should always check around for the best estimate. And depending on the exact job, area and amount of damage it’s hard to really give an average amount for mold remediation cost.
While some companies may charge as little as $6 per square foot, another may charge as much as $150 per s square foot! That’s why it’s absolutely necessary that you get an estimate from several different companies before you hire anyone.