MOULD RISK
January 1st, 2003
BY PHILIP FINE
AMERICAN builders and homeowners have been keenly watching the issue of mould, with more than 9,000 mould-related insurance claims being made in the US in the last decade. That say critics, has led insurance companies to raise home insurance premiums even in states without significant mould claims, many of which have been sparked by water damage, such as flooding. According to Texas Insurance Department data, during 2000 and the first half of 2001 the cost of the average mould claim was US$18,000. The highest monetary award thus far has been a ...
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