Category: Loss Prevention

Shield Investment Properties From Winter Risks, Pt 1

Many regions of the U.S. have already received their first snows and freezes, but your investor clients can still fortify their “castles” against the coming cold. In this two-part article series, we’ll look at four winter perils from which your client’s need to shield their properties. In Part 1, we address ways to protect occupied properties and next month, we will address vacant properties and renovation projects. Let’s get started.

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Protect Vacant Properties From Water Damage This Winter

Of the three leading causes of property damage—fire, theft/vandalism, and water damage—the last one is usually the easiest to prevent. Your investor clients can avoid frozen pipes and water damage at their vacant property by taking some simple steps to winterize it properly.

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Cooking Fires: The Most Preventable Household Killer

Cooking is the leading cause of home structure fires. Cooking fires are also one of the most preventable losses. With regular maintenance and inspections, use of fire suppression devices, working smoke alarms and safe cooking practices, one can nearly eliminate the chance of a catastrophic cooking fire. Keep reading to find out what investor clients can do to make sure their properties and tenants aren’t harmed by an accidental cooking fire.

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10 Tips to Eliminate Holiday Liabilities

Tenants are likely hosting friends and family for the holidays. And if they are not attentive to the finer details, a cooking fire can occur, or someone may be injured on the icy front steps. Share these 10 key factors with your investors to encourage tenant safety, avoid holiday liability, and ensure your investor client’s properties don’t get damaged during the jolly season.

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What the End of Daylight Means for Investor Properties

The end of Daylight-Saving Time is coming, which means re-setting clocks and “falling back.” (One more glorious hour of sleep!) As the daylight hours begin to wane, the types of risk your investor’s property face also change. The quality of preparation during milder transitional seasons like spring and fall will directly impact a property’s ability to handle the year’s most extreme weather conditions. Share these tips with your investor clients to help keep their properties risk free in the fall and help to fortify their investment for the more challenging months to come.

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Reduce Risk of Mold After a Flood

With many parts of the country experiencing significant flooding this spring and summer, we wanted to share some tips on how to reduce the risk of mold after a flooding event. If not caught within 24-48 hours, you can have a serious mold problem on your hands. Share these tips with your investors to help keep their property mold-free after a heavy rain event.

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Evaluating Flood Insurance Options

It is important that property owners understand their risk exposure to flood AND are aware that their property insurance policy most likely does not include this coverage. There are several options available to your clients for flood insurance, so read on to help them understand how to evaluate their risk and work to determine the right course of action for them.

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8 Ways to Protect Vacant and Renovation Properties

Many of the properties subject to break-ins, thefts and vandalism are vacant or going through renovations to prepare them for sale or the next tenant. It’s truly disappointing to arrive to show a house that was finished only two days before and see it broken into and missing key components like stoves, ovens, air conditioning, the furnace, water heater, and maybe even copper plumbing and electrical wiring. These tips can help mitigate these types of losses to avoid set-backs in getting your clients’ return on investment.

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Wildfire Preparation

Wildfires can occur at any time throughout the year, but the potential is always higher during periods with little or no rainfall, which make brush, grass, and trees dry and burn more easily. For many areas, this occurs in summer through fall months, but many western states, such as California, have a year-round wildfire risk. High winds can also contribute to spreading the fire. The community may have a designated wildfire season when the risk is particularly high, so property owners should become familiar and take action well in advance.

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