CHICAGO, IL — Building owners and managers, and even homeowners, need to take notice. Good indoor air quality (IAQ) should be made a priority, and done right, or they risk being uninsurable. This was the warning issued by insurance industry leaders who participated in Chelsea Group’s annual look at the future of IAQ.
“This admonition also has relevance for developers of single-family homes, as evidenced by the dramatic increase in mold claims in Texas. The insurance industry is responding by limiting or refusing altogether to write new property insurance in the state. The risk for developers is consumers may start refusing to buy their homes if they feel they will not be able to get property insurance because of poor construction practices, bad design, or substandard quality of building materials,” stated George Benda, chairman and ceo of the Chelsea Group, a Chicago-based consulting firm specializing in IAQ.