“Let it snow, let it snow, let it snow,” and “Walking in a winter wonderland.” These are phrases that conjure up warm feelings, excitement, and happiness during the long, cold winter months, but a costly denied insurance claim on your investment property could be a deep freeze to your bank account if you don’t plan accordingly. The brutal temperatures and a large amount of precipitation this year comes with the inherent risk of loss that can easily be mitigated with a few simple steps and the right insurance advice.
As we move into the winter months, a landlord’s worry just begins. Instead of hibernating, investment property owners should be on high alert, since some of the costliest claims can come during the winter months, and can easily be avoided. The first thing that a property owner or manager should be thinking about is how to prepare the property in the fall for the upcoming winter months. To better understand how to prepare, we must first understand what the upcoming cold weather risks are. The following are some of the most common winter issues and how to properly prepare for them:
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