This agreement (MoldSafe) is serviced and underwritten by Residential Warranty Services (RWS) and is provided
free of charge by your home inspector as a part of your paid and completed home inspection.
MoldSafe protection is offered for a period of 90 days following
the date of the inspection, or 22 days after closing, whichever
comes later. All claims must be received by RWS within the
term of the agreement. An extension of coverage may be
made available at a nominal fee at the conclusion of this agree-
ment. This agreement is not transferable to any other property
outside of the one listed on your home inspection report.
During the agreement term, the following conditions are
1. New visible mold- During the course of your home inspec-
tion and in your home inspection report, if there were no visible
mold or moisture issues reported, this agreement covers the
remediation (removal) of visible mold on surfaces permanently
installed in the subject property.
This agreement covers only repairs as specified and excludes
all others. Coverage is limited to $2000 in aggregate. Only new
visible mold growth that occurs after the date of the inspection
is covered. This agreement does not cover repairs to components that need to be replaced but rather just covers their
removal. Many surfaces can be treated and cleaned without
such removal. This policy does not cover mold resulting from
insurable events including but not limited to floods, rain/water
intrusion, or any other peril. This is not homeowner’s insurance
RWS will not be responsible for any of the following;
RWS’ Right to Review
- Repairing anything that occurred before the start date of this
- Repairing anything that wasn’t reported to RWS during the
term of this agreement.
- Repairing anything caused by you and/or third parties.
- Repairing anything in a home that is being renovated.
- Repairing anything caused by natural acts or disasters
included but not limited to floods, landslides, sinkholes, plumbing line breakages, or any insurable cause.
- Repairing anything required by any other party (city, state,
federal, or other party) unless otherwise covered by this agreement.
- Any and all medical issues related to mold, mildew, or any
other organic growth.
RWS reserves the right to have its own contractor review any
diagnosis, estimate, and bid on any project covered under this
agreement. RWS shall choose the acceptable estimate in its
sole discretion for coverage.
This warranty and all related
disputes shall be interpreted and enforced in accordance with
the laws of Hamilton County in the State of Indiana without
reference to, and regardless of, any applicable choice or
conflicts of laws principles.
Written notification of claim including items 1, 2, and 3 must be
received by RWS prior to the expiration of the policy. All claims
on this policy shall be made by the buyer of record only after
they have taken possession of the home and must be received
within 90 days of the inspection or within 22 days of closing,
whichever comes later. Claims will be processed after we are
in receipt of items 1, 2 & 3. You will be contacted within 72
business hours of all items being submitted.
1. Written Notification of Claim - The following information must
be contained in the notification:
- Your Name
- Your Inspector's Name
- Your Full Address
- A Phone Number Where You Can Be Reached
- A Brief Description of the Claim
2. An itemized repair estimate, including the breakdown of
parts & labor, as well as a specific cause for the mold growth in
writing from a duly licensed professional. RWS reserves the
right to request up to two (2) additional estimates. The estimate
must include contact information for the repair person.
3.A copy of your home inspection report and any mold tests.
Residential Warranty Services, Inc.
PO Box 797
Carmel, IN 46082
The policy holder is responsible for the first $300 worth of
repairs and investigation of any covered issue. Any and all
receipts and invoices must be delivered at time of claim
submission to ensure credit for any covered expenditures. The
policy holder is also responsible for any costs exceeding the
coverage limitations of $2000.00.