A recent mold contamination issue at the Hub Tucson Park Avenue student apartments has raised concerns among property owners and managers. Just two years old, the building now faces the relocation of five tenants after mold was discovered in the living room area shortly after residents moved in. Apartment management has provided temporary housing and initiated remediation efforts, but the repercussions extend far beyond this single incident.
The Health Risks of Mold Exposure
The apartment residents reported various health issues, including headaches, coughing, congestion, and fatigue, which they attribute to mold exposure. As they navigate their legal options, this situation serves as a reminder of the potential health risks associated with mold. Mold often emerges from moisture intrusion, high humidity, and issues with water-containing systems such as plumbing or HVAC, issues that can affect any property.
Impacts on Business and Property Owners
While this incident is residential, it highlights critical implications for all business and property owners. Standard commercial property or general liability insurance often excludes pollution-related incidents like mold, leaving many landlords and business owners unprotected. Cleanup and relocation costs, health claims, and legal liabilities can mount quickly when a mold incident occurs.
The Importance of Pollution Liability Insurance
For property owners, securing Pollution Liability Insurance can provide essential coverage. This policy can help cover:
- Cleanup costs
- Third-party claims for bodily injury and property damage
- Legal defense expenses
- Business interruption due to contamination issues
It is crucial for those who own or manage property—especially buildings with tenants or public access—to review their exposure to mold and other pollutants and take proactive measures to help reduce the risk of a pollution incident from occurring. Consulting with an insurance advisor can help determine options for pollution liability insurance to help address unexpected losses when incidents occur. Being proactive can save you from significant financial burdens in the future.