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I was reminded of Mr. McMahon's mold experience when I read a story about him today in the
newspaper. Today's story was that Mr. McMahon took a fall a few years back and fractured his
neck. Since then, he has been unable to work, and as a consequence, his home was subject to
foreclosure. That's a sorry state of affairs for an 85-year old man who has made a fortune during
his lifetime. But that's where he finds himself right now. Other wealthy individuals, like Donald
Trump, have come to his rescue so he doesn't get thrown out into the street.
Remember Ed McMahon? He is best known as the sidekick to Johnny Carson of the Tonight
Show on NBC. In 2002, McMahon sued his insurance company, American Equity Insurance Co.,
for more than $20 million. His lawsuit asserted that toxic mold sickened him and his wife Pamela,
killed their dog Muffy, and made their Beverly Hills house uninhabitable.
A pipe had broken in the six-bedroom home, flooding the family room. Mold spread throughout the
house, even spreading into the heating and air conditioning ducts. The cleanup contractors just
painted over some of the mold.
The suit was finally settled in 2003 for $7.2 million. This settlement is the highest published
recovery in the United States by an individual filing for property damage in a mold lawsuit.
Everlasting shame goes to the insurance industry for what it has done about toxic mold. Prior to
2003, policyholders submitted about as many mold claims as fire claims each year. The insurance
industry saw that mold claims were increasing in numbers, and they forecast that toxic mold
losses would soon overwhelm them. The reason for their fear is that the mold claims were not just
for repairing the physical damage to the structure, but also involved the illnesses and deaths that
the toxic mold was causing.
So, very quietly, they simply stopped insuring mold losses.
Most insurance companies have added a Mold and Microorganism Exclusion to their policies since
2003. Check your policy to see if mold is covered or excluded.
If it is excluded, start NOW finding coverage for Mold Damage.
If you had a water damage loss that ended up with mold, you should still be able to collect for the
damage that the water did to your property BEFORE the mold grew. Don't just sit idly by and
accept a mold claim denial from an insurance company. Go ahead and prove that the water
damage happened FIRST, and get your claim paid. Even if you have to file a lawsuit, it could be
worth it.

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Mold Foreclosures: Watch out for Mold! visit website
http://www.stopmoldcold.com/killmold
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