During the 1990s, fungus was excluded from standard homeowner
insurance policies. Now, as the mold craze spreads to offices and
apartments, building owners are finding fungus insurance coverage
to be less affordable.
"People start worrying about mold at home, and before long,
they're worrying about it in the workplace, too," says Loretta
Worters, vice president of communications at the Insurance
Information Institute, New York. "The [insurance] industry is
pretty jittery right now because people have big dollar signs in
their eyes and trial lawyers [are] egging them on to go after the
deepest pockets available."
Because of a lack of fungus coverage, some building owners are
rewriting leases to make tenants responsible for certain damages
that could lead to mold problems. But this may spur...
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