Why Mold Can Be a Scary Scenario for Property Managers

5/19/2022 (Permalink)

Mold damage in Claxton, TN.

If you run a company that leases out buildings to clients or that deals with the rental of apartments, you might not be as familiar with mold insurance claims as you should. The presence of mold in your building in Claxton, TN, could lead to lawsuits. These could range from minor to serious, depending upon many circumstances. If you don't act quickly, your company could be sued. In the past, courts have awarded large compensation verdicts for tenants in these situations. This could put your company at risk of a devastating financial loss.

How To Prevent a Mold Claim

You have a number of tools to minimize your company's exposure to a mold lawsuit. Prevention is your first line of defense. By taking these actions, you insulate your company from detrimental mold insurance claims:

• Regular inspections of your property
  
• Timely repair of any water leaks or issues
  
• Fast response to any complaints of mold
  
• Professional cleanup if mold is discovered
  
  

Whether you are dealing with an industrial client or apartment tenants, you have a responsibility to maintain your property to local and perhaps federal standards. Failure to do so makes it more likely you will be sued.

How To Mitigate Mold
Unlike some maintenance issues, mold remediation is something that is best left to professionals. An experienced mold restoration company employs certified technicians that know how to deal with this difficult menace. A SERVPRO franchise can restore your building "Like it never even happened." An experienced crew knows how to stop the fungus from spreading and it knows the best way to remove the mold in an efficient manner. When the problem is taken care of quickly, you are unlikely to face any mold insurance claims that deal with liability. This makes handling a mold outbreak a little less scary.