Knight Ridder/Tribune Business News - Florida Home-Insurance Firm Can Strip Mold Coverage from Base Policies.

By Purva Patel, South Florida Sun-Sentinel Knight Ridder/Tribune Business News
Sep. 5–Insurers won another battle against fuzzy fungi this week when regulators said the state’s largest home insurer could strip mold coverage from base policies.

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But State Farm Florida Insurance Co., with 921,000 homeowner policyholders in the state, must offer optional coverage from $10,000 up to policy limits for an additional premium. The company hasn’t determined the prices for the extra coverage yet, and the Office of Insurance Regulation has to approve the rates before they’re …

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