MODULE 1: INSURANCE & DOCUMENTATION

Understanding Mold Insurance

Lesson 1.1 - The Billing Blueprint: Mold Edition

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Mold is a Different Game

Water Mitigation
Open Coverage
$200K-$300K+ limits
Full policy limits
Mold Remediation
Sub-Limits
$10K-$50K typical
Separate, limited bucket
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A $30,000 Mistake

$40K
Job Cost
$10K
Coverage Limit
$30K
Contractor Loss
This happens when you don't verify coverage BEFORE starting work.
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Understanding "Buckets"

Typical Homeowner's Policy Structure

Dwelling
$300K
Water mitigation pulls from here
Personal Property
$100K
Contents coverage
Mold
$10K
This bucket runs out fast!
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Coverage Varies by State

Don't assume. Don't guess. Every single policy is different.
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When Is Mold Covered?

Mold from Covered Water Loss
Pipe burst → mold develops = Usually covered up to limit
Pre-existing Mold
Old mold discovered during water job = Often excluded
Maintenance Failure
Unfixed leaky faucet → mold = Usually excluded
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Verify Coverage BEFORE Work

The 5-Step Process

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The Critical Conversation

"Your policy has $10,000 in mold coverage. Based on the protocol, this job is estimated at $18,000. Insurance will cover $10,000. You'll be responsible for approximately $8,000. Are you prepared to pay that difference?"
Get acknowledgment in writing
Do NOT skip this conversation
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Why This Matters

Skip the Conversation
Customer surprised with $8K bill
Disputes, bad reviews
Collection problems
Have the Conversation
Customer understands upfront
Written agreement
Smooth collection
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Key Takeaways

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Coming Up Next

Lesson 1.2: Third-Party Testing

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MODULE 1: INSURANCE & DOCUMENTATION

End of Lesson 1.1

Understanding Mold Insurance

Action Item: On your next mold call, get the declarations page and verify coverage FIRST.
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