Mold: Not the Next Asbestos Part Two (b)

For Part (a) of this article, click here.

VII. Practical Tips For Adjusting Mold Claims

- Use fair claims-handling practices. An insurer may face its greatest exposure from potential claims-handling causes of action. The insurer can practically count on unfounded allegations by insureds of improper claims handling.

- Investigate promptly. It is critical that the insurer respond promptly to any water-related claims. Any delay in responding to a water-related claim will undoubtedly result in bad faith claims.

All complaints should be treated seriously because mold grows very rapidly in a damp environment. In its Guidelines on Assessment …