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Article: Mold madness: warning--property at risk.(Risk Manager)(toxic mold spells danger for properties)
- Article from:
- Rural Telecommunications
- Article date:
- September 1, 2004
- Author:
CopyrightCOPYRIGHT 2004 National Telephone Cooperative Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Real and perceived threats of the dangers attributed to toxic mold are creating havoc for homeowners, commercial businesses and insurance companies, as they face fears of possible physical harm, ruined property values and scenarios of mounting claims.
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This development has been particularly troublesome for the insurance industry. In the past few years, a virtual avalanche of allegations that mold poses a health danger is sending shock waves through an already over-taxed property and casualty insurance marketplace.
Toxic mold spawns from water damage caused by everything from burst pipes to roof leaks. If left untreated, ...