Fires are one of the most sudden, destructive, and deadly losses we see on claims. Regular inspections, fire suppression tools, and emergency planning are all crucial components of fire safety.
The U.S. Geological Survey reports that 42 states have a reasonable chance of experiencing a damaging earthquake. In the United States, there are more than 5,000 earthquakes each year. Yet,
Aside from regular inspections, alarms, fire suppression tools and emergency planning are crucial components in ensuring the safety of your investor client’s tenants from a fire. They are in-fact, life-saving tools and strategies that can cut potential fire deaths in half.
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.
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.
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.
One of the most severe losses investment properties could sustain is a fire. Here five key areas to “tame the flame” so your investor clients and their tenants don’t get burned – financially or physically.
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