There are at least 1,000 different species of mold that are common to the United States. A standard homeowners policy either limits the coverage or excludes it completely. Some insurance companies offer a rider, or endorsement for mold, but it comes at an additional cost. Only if the mold is a result of a current, ongoing, covered water damage claim, will mold be covered.
Sinkholes are sudden gaps in the ground that occur after groundwater gradually dissolves and displaces or carries away rock. Although sinkholes are not common in the Midwest, the damage they may cause will not be covered by a standard policy.
When sewer lines backup the damage is usually quite intense. Furniture, flooring, and walls that become affected are beyond repair. Also cleanup and remediation costs increase dramatically. Standard policies do not cover sewer backups however riders are usually available and the cost is very reasonable when compared to the cost of cleanup and repair. That said, many insurance companies offer different levels of coverage. Many times the cost for larger amounts of coverage, say $10,000 instead of $5,000, is only tens of dollars apart. It pays to inquire about additional coverage beyond the first available increment.
Homeowner’s policies will not pay for termite damage. The best way to avoid termite issues is to make sure water does not accumulate in and around your house. You should periodically contact a licensed pest control company to make sure termites are not a problem for your home.
Acts of Terrorism
Terrorist attacks using nuclear, chemical, biological, or radioactive weapons are considered to be “acts of war”. They are fundamentally uninsurable.