You never know when a natural disaster will strike. Be it a hurricane, tornado or flash flood, these occurrences cause billions of dollars of damage. In recent years, American properties have been hit hard. Natural disasters caused $16.1 billion of insured losses across the U.S. in 2015, up from $15.3 billion in 2014, according to the Insurance Information Institute.
Without the proper planning and coverage, business owners may be on the hook for any damage done during a severe storm. As we enter hurricane season, every business must take proper precautions so they will not be left with an insurance pitfall. If they do have to file a claim, property managers need to be prepared.
1. Do your research ahead of time: Know which roofing contractor or restoration company you’re going to call before the hurricane strikes. The demand for emergency services surges after a natural disaster, and the best options may be unavailable if you wait too long to call. If you don’t have these relationships in place before experiencing property damage, you will quickly find yourself with a subpar roofing contractor and a less-than-capable restoration company.
2. Keep your insurance policies in a safe place: In case of an emergency, immediately notify your insurance broker or insurance company, and provide them as much detailed information as possible. Large catastrophes will generate tens of thousands of claims, so communication is vital for a quick resolution to your claim. Photograph damaged areas prior to making temporary repairs. Doing so will strengthen your claim and provide the most accurate presentation of your loss.
3. Develop an emergency response plan: When the windows are blown out of your building and your roof is peeled back like a sardine can, you can’t afford to waste time figuring out what to do. Prepare a plan ahead of time so you can react and activate your catastrophic response team as soon as the wind leaves town.
For more tips on how to prepare for a natural disaster, consider the below::