Search
 
Best Practices

Everything old is new again when it comes to mold claims

With an increase in mold claims, adjusters need to balance the need for mitigation and remediation against protecting the scene for an appraiser.

By Chantal Roberts, CPCU | March 14, 2022 at 12:03 AM
Perhaps the tricky part of handling water damage claims is the advice to prohibit mold growth while simultaneously protecting the scene for the appraiser to inspect the damage and write an estimate. Perhaps the tricky part of handling water damage claims is the advice to prohibit mold growth while simultaneously protecting the scene for the appraiser to inspect the damage and write an estimate. (Photo: cegli/Adobe Stock)

It’s the same amount of time from 2022 to 1992 as it is from 1992 to 1962. Unfortunately, when thinking about “30 years ago,” 1962 is no longer the reference point for many young adjusters who were born after the 1990s.

The late 1990s and early 2000s saw many seminal losses which shaped a generation of adjusters such as low-impact investigations and mold claims. Insurers adapted and trained low-impact adjusters and installed protocols; they changed policy language regarding mold coverage. And in the sense that fashion trends come around every 30 or so years, mold claims have begun to rear their heads.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

 

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.