Homeowners insurance is designed to cover sudden and accidental losses. If you have a pipe that is leaking and you are just now noticing the damage your policy should provide coverage for the resulting water damage. Water damage is very serious and mold can start to grow within 24 hours so make sure you address the situation as soon as possible.
Ryan is correct - if a pipe has been leaking for the past few months and failed to go unnoticed, your homeowners policy wouldn't extend coverage.
Furthermore, most policies don't include mold coverage and, in fact, are excluded from coverage under most policies. As such, you should take care to notice and resolve any water damage immediately, and utilizing Servpro or ServiceMaster to mitigate water damaged areas as quick as possible.
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Furthermore, most policies don't include mold coverage and, in fact, are excluded from coverage under most policies. As such, you should take care to notice and resolve any water damage immediately, and utilizing Servpro or ServiceMaster to mitigate water damaged areas as quick as possible.