Let’s face it, many houses have mold somewhere inside. Where there is water and moisture, there’s usually some sort of mold. On the surface, literally and figuratively, mold is a major deterrent from buying what is an otherwise great home. But not all mold is toxic, however, which is why taking a mold swab or indoor air quality sample (IAQ) is very helpful to your client. But why you should carry mold sampling and IAQ coverage if testing for mold and other allergens/pollutants are conducting by swabbing or air samples? Homebuyers that later find mold present often look for someone to blame and pay for remediation and who better to blame than a home inspector?
Mold claims can be costly and whether or not you offer mold inspections, you can be the target of a lawsuit. Therefore, in order to protect yourself and your business from any detrimental mold claims brought against you, you should consider carrying a mold/indoor air quality sampling coverage on your E&O policy.