Nationwide, only 20% of American homes at risk for floods are covered by flood insurance. Most private insurers do not insure against the peril of flood due to the prevalence of adverse selection, which is the purchase of insurance by persons most affected by the specific peril of flood. In traditional insurance, insurers use the economic law of large numbers to charge a relatively small fee to large numbers of people in order to pay the claims of the small numbers of claimants who have suffered a loss. Unfortunately, in flood insurance, the numbers of claimants is larger than the... View Article
Water damage describes a large number of possible losses caused by water intruding where it will enable attack of a material or system by destructive processes such as rotting of wood, growth, rusting of steel, de-laminating of materials such as plywood, and many, many others. The damage may be imperceptibly slow and minor such as water spots that could eventually mar a surface, or it may be instantaneous and catastrophic such as flooding. However fast it occurs, water damage is a major contributor to loss of property. An insurance policy may or may not cover the costs associated with water... View Article
Buying a house with water damage is possibly a risky investment, but knowing what precautions to take helps limit your potential loss. Water damage to a house may be caused by many different problems, including flooding, a burst pipe or a leaky roof. Other defects and hazards may be present in the home due to the water damage, such as unsound walls and mold, and the cause of the water damage needs to be examined to ensure the problem will not continue once the existing damage is addressed. 1 Schedule a home inspection. The extent and cause of the water... View Article
Warning: Reading this story might make you sick. Not as sick as Melinda Ballard and her family, who began coughing up blood and suffering memory loss while living in this 22-room, 11,000-square-foot mansion. But it could make your skin itch and your throat hurt, and you could start to cough. Then you will wonder whether there is toxic mold growing in your house, too, and whether you should pay someone a great deal of money to come find out. That is the thing about toxic mold. Many of its symptoms are documented and real, but it can also be spread... View Article
NEW YORK (AP) — Esther Tauscher stood outside her Staten Island home, leafing through boxes of family photos that had been steeped in storm water. She paused to point out life events — her honeymoon, holding her baby boy in a hospital bed. The photos are just about all she has left. Behind her, the home where she and her family lived for 14 years was being dismantled by a masked volunteer crew that tossed out her possessions and ripped out floorboards and walls. It was Tauscher’s only option. Her house and nearly everything in it was consumed by mold.... View Article
Ahold of Mold Environmental is proud to serve the mold testing, air quality testing, water damage restoration, basement waterproofing, and basement restoration needs of customers in Buffalo NY, Williamsville NY, Cheektowaga NY, Amherst NY, Orchard Park NY, West Seneca NY, Clarence NY, Jamestown NY, Ellicottville NY, West Falls NY, Chautauqua NY, Bemus Point NY, Fredonia NY, Dunkirk NY, Westfield NY, Erie PA, Warren PA, and the surrounding areas.