Preservation by Prevention Avoiding Losses from Catastrophes & - PowerPoint PPT Presentation

Preservation by Prevention Avoiding Losses from Catastrophes & Common Perils October 5 th 2019 Sheila E. Courtney scourtney@pureinsurance.com

WATER DAMAGE CLAIMS COST U.S. INSURANCE COMPANIES $10 BILLION A YEAR PURE Insurance | 3

TOILET SUPPLY LINE FAILURE IS A LEADING CAUSE OF WATER DAMAGE PURE Insurance | 4

BURST PIPES CAUSE THE GREATEST SEVERITY OF WATER DAMAGE • •

Automatic Water Shut-off Devices will detect leaks and take action This may qualify for a discount off your annual insurance premium…. PURE Insurance | 6

Point of leak detectors sound an alarm when water is sensed on the ground They are an • important part of a complete water detection system Will detect leaks • that are not flow related PURE Insurance | 7

WILDFIRE DATA: ACRES BURNED * National Interagency Fire Center, Data as of May 2018 PURE Insurance | 8

PREVENTING WILDFIRE DAMAGE Create Defensible Space � Zone 1 - 0-5’ � Zone 2 - 5-30’ � Zone 3 – 30-100’+ PURE Insurance | 9

PREVENTING WILDFIRE DAMAGE Defend Your Home with Fire Retardant PURE Insurance | 10

Earthquake There are simple ways to protect yourself from catastrophe before an earthquake strikes PURE Insurance | 11

House Fire H Ho om me es s u un nd de er r c co on ns st tr ru uc ct ti io on n, , r re en no ov va at ti io on n, , o or r r re es st to or ra at ti io on n a ar re e m mo or re e l li ik ke el ly y t to o e ex xp pe er ri ie en nc ce e a a f fi ir re e H H o o m m e e s s u u n n d d e e r r c c o o n n s s t t r r u u c c t t i i o o n n , , r r e e n n o o v v a a t t i i o o n n , , o o r r r r e e s s t t o o r r a a t t i i o o n n a a r r e e m m o o r r e e l l i i k k e e l l y y t t o o e e x x p p e e r r i i e e n n c c e e a a f f i i r r e e PURE Insurance | 12

Preventing Fires During Construction/Renovation/Restoration Preventing Fires During Construction/Renovation/Restoration Preventing Fires During Construction/Renovation/Restoration Preventing Fires During Construction/Renovation/Restoration 1) Place 10 lb. fire extinguishers on each level of the home. 2) On the jobsite, use a fire-proof storage cabinet for the storage of flammable liquids. 3) Establish a daily protocol with the workforce to ensure workers properly dispose of oily rags to prevent spontaneous combustion. 4) Establish a no-smoking policy in the residence. Post signs throughout the jobsite to remind workers that smoking inside the home is prohibited. 5) Establish a hot works safety program on site 6) Activate a temporary central station fire alarm

WINDSTORM The most important factor during a windstorm is to protect the envelope of the house. Downed tree removal costs an average of $2k per tree. Damage from falling trees and power outages are the most frequent claims after a windstorm. PURE Insurance | 14

Right Coverage: Coverage should be based on replacement cost � True replacement cost: Get back exactly what you lost � WHEN ALL ELSE FAILS: Rebuilding to Code coverage: If not specifically covered, you are out of pocket � Choice of builder and architect: Wright homes require specialized craftspeople � MAKE SURE YOU HAVE THE Buy flood insurance � RIGHT INSURANCE PURE Insurance | 15

Thank you & Questions Please contact me at any time! Sheila E. Courtney scourtney@pureinsurance.com

T H E P U R E P U R P O S E T H E P U R E P U R P O S E T H E P U R E P U R P O S E T H E P U R E P U R P O S E To make our members smarter, To make our members smarter, To make our members smarter, To make our members smarter, safer and more resilient so they safer and more resilient so they safer and more resilient so they safer and more resilient so they can pursue their passions with can pursue their passions with can pursue their passions with can pursue their passions with greater confidence. greater confidence. greater confidence. greater confidence.

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