Mold Claims Against Property Managers

12/16/2020 (Permalink)

Mold can grow almost anywhere

Mold Claims Against Property Managers

Commercial property managers are subject to mold insurance claims from tenants who suffer damages as a result of mold. Property managers should take the threat of mold seriously as mold is capable of developing in almost any moist environment.

1. Effects of Mold
Mold can grow almost anywhere with enough moisture and oxygen. It is often found in areas with leaky pipes, excessive condensation, or poor ventilation. It can be found both inside and outside buildings, often within the walls or foundation in areas rarely seen. Mold can cause damage to the property, weakening the structural integrity.

2. Liability to Property Managers
Property managers are responsible for maintaining a safe environment for tenants, employees, and customers. The liability for each property manager due to a mold claim varies depending on insurance coverage and the type of property. Residential properties are expected to be kept safe enough to be habitable, while a commercial property is expected to be fit for its intended use. Mold insurance claims arise when people suffer damages or injuries as the result of mold.

3. How to Protect Your Business From Claims
Most successful mold claims are about property damage. Check with your liability insurance provider in Brunswick, ME, to verify if there is a provision regarding mold damages included in your coverage. To prevent mold from becoming a problem in the first place, property managers should perform regular inspections to check for leaks, condensation, windows and door that don't seal properly, faulty appliances, and any other issue that could provide an environment for mold to grow. Use professional services to perform regular maintenance of the property and fix any problems as soon as possible before mold has a chance to thrive.
Property managers can avoid mold insurance claims from tenants, or at least protect themselves in the event of these claims, by consulting mold remediation specialists to help keep their properties clean and safe. Mold should be addressed by professionals as soon as it is discovered.