Is Your Building Properly Insured For a Total Loss?

Catastrophic Losses - Is Your Property At Risk?

Sometimes it seems that every time we listen to the news someone has suffered a catastrophic loss. If you live in Florida you automatically think of hurricanes and pictures of Katrina, Andrew or the like come to mind. For those living in California, one remembers catastrophic losses due to earthquakes, fire and mudslides! If you live in the Midwest, tornados may come to mind. It is evident that catastrophic losses, be they hurricanes, earthquakes, fires, explosions, tornados, and flooding can happen in all parts of the country. Many of these occur on a large scale basis, affecting numerous properties at the same time. However, catastrophic losses can also occur on an individual basis to residences or commercial use structures on any given day. Many people have felt the devastating loss due to fires or high water. Lightning strikes can start fires or cause trees to tumble onto structures.

It is evident that catastrophic losses come in many different forms devastating multitudes of properties each year and causing millions of dollars in damages. Knowing the potential for such a loss, owners make sure every precaution is taken to make their property as secure as possible. Fire drills for families and at work are performed each year in case of a danger striking their structure. Many people and businesses have fire extinguishers or sprinkler systems in their structures in case of a fire. But too often measures like these simply are not enough to prevent the loss.

However, the most important precaution still needs to be taken...making sure you have adequate insurance coverage in the event of a loss. Too often property owners discover after the loss that they did not carry enough insurance to replace their structures. Having an insurance appraisal assists property owners in determining how much insurance is needed for their property in the event of a catastrophic loss.

There is an old saying that an ounce of prevention is worth a pound of cure. Take that step today toward assuring that your property is adequately insured by requesting a free bid proposal for an insurance appraisal for your property. While you are at it, request free proposals for your Reserve Study and Personal Property and Equipment Appraisals.

Request A Free Proposal Here.

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