How does property maintenance affect insurance claims? Learn more below.
Your property is an investment, and it’s only logical that you protect it at all costs, regardless of the size of your business or the kind of facility you have. Building maintenance is an integral part of the trade – from regular cleaning to repairs. It helps ensure that your building lasts, your business is protected, and it helps during the claims process.
In many states in the US, property maintenance is part of the claims process and underwriting. This is true for residential and commercial properties.
Tips for Building Maintenance
Interior and exterior maintenance are equally important. However, exterior repairs and maintenance are more challenging. Check out these tips for building maintenance.
Set up a regular maintenance plan, including inspection, testing, servicing, replacements, and repairs. Look out for missing and lost parts. Check the gutters and ensure it is free from any leaves, twigs, and other debris. Roof inspections greatly help in extending your roof’s longevity and they reduce costly emergency repairs later on.
Do preventive maintenance inside the building as well. Perform regular inspection on flashing and roof perimeter. Look for signs of water damage such as stained walls, peeling paint, and mold. These things are the usual suspects of roof damage.
Set up regular checks
Check your property’s HVAC system at least once a year. Take note of even the tiniest plumbing leak, as this can cause more significant problems in the future. It may result in increased water bills and expensive repairs. You may even have to close down the businesses indefinitely when you let these small leaks turn into uncontrollable leak damage.
Public restrooms (if you have any in your building) must also be checked. Toilet leaks cause ceiling collapse. This isn’t only dangerous for you, your employees, and your customers. It’s dangerous for the business as well.
When making a claim
Proper documentation is the key to an efficient claims process. Make it a habit to record every scheduled, working, and completed project. You can also choose to create timelines for these projects.
Get business property insurance today
Is your business insurance-ready? Even with regular and proper maintenance, it’s still best to financially protect your investment. Business property insurance is a great option. It doesn’t just protect your building but everything in it, such as computers, fixtures, furniture, etc. It doesn’t have to be the most expensive coverage, but it should address all of your needs.
London Insurance Agency is an agency that serves as a platform for our independent agents. With us, you have the freedom and opportunity to work with a professional agent connected to several insurance companies. This gives you more options for what your needs are. The goal here is to provide you with the perfect coverage for your needs. For more than 95 years, the London Insurance Agency has been offering services, insurance, and products for businesses.
Do you have insurance? If not, it’s time to get it now.