Insurers Must Battle Mold Hype, Hysteria
Only a few years ago, mold was something you occasionally foundon your bread or in your shower. Eliminating it consisted ofthrowing the bread to the birds or wiping the shower tile down withbleach. But now the mere mention of mold can strike fear in thehearts of many consumers and insurers because entrepreneuriallawyers, so-called remediation experts and some in the media haveportrayed mold as a national health hazard.
Consumers, acting out of fear, have torn apart their homes,sometimes moving out for months on end, to rid their dwellings ofwhat in most cases is harmless mold. Insurers have then been facedwith claims for “losses” that most property policies never intendedto cover. State insurance departments have been left with the taskof trying to address consumer concerns while also protecting theirinsurance markets.
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