What This Means If/When You’re Hit With A $100K Claim
In the last 10 years, a new threat to contractors and their insurance companies has been on the rise: toxic mold claims. The number of toxic mold damage claims has skyrocketed since 2002. The cost of those claims more than doubled from 2001 to 2003, with insurers paying out $1.3 billion in mold-related claims in 2001 and more than $3 billion in 2002. And the trend continues today.