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

Preservation by Prevention

Avoiding Losses from Catastrophes & Common Perils

October 5th 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

PURE Insurance | 8

* National Interagency Fire Center, Data as of May 2018

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

H H H Ho

• m

m m me e e es s s s u u u un n n nd d d de e e er r r r c c c co

• n

n n ns s s st t t tr r r ru u u uc c c ct t t ti i i io

• n

n n n, , , , r r r re e e en n n no

• v

v v va a a at t t ti i i io

• n

n n n, , , ,

• r

r r r r r r re e e es s s st t t to

• r

r r ra a a at t t ti i i io

• n

n n n a a a ar r r re e e e m m m mo

• r

r r re e e e l l l li i i ik k k ke e e el l l ly y y y t t t to

• e

e e ex x x xp p p pe e e er r r ri i i ie e e en n n nc c c ce e e e a a a a f f f fi i i ir r r re e e e

House Fire

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

WHEN ALL ELSE FAILS: MAKE SURE YOU HAVE THE RIGHT INSURANCE

• Right Coverage: Coverage should be based on replacement cost
• True replacement cost: Get back exactly what you lost
• Rebuilding to Code coverage: If not specifically covered, you are out of pocket
• Choice of builder and architect: Wright homes require specialized craftspeople
• Buy flood insurance

PURE Insurance | 15

Thank you & Questions

Please contact me at any time!

Sheila E. Courtney scourtney@pureinsurance.com

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.

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

PURE is proud to be recognized in a variety of categories, including growth, product innovation, company culture and member experience.

Awards

PURE Insurance | 18

2017 Best Insurance Underwriter 2017 Leading Individual Recognition 2018 Best Insurance Underwriter 2017 | 2018 2017 Future 50 Awards 2018 Best High Net Worth Insurance Company 2017 Chicago / New York / California 2017 Financial Services & Insurance 2017 Small & Medium Companies 2017 40 Best Workplaces in FSI 2018 New York 2018 Financial Services & Insurance 2017 America’s 5000 Fastest Growing Companies 2018 Best Workplaces 2018 America’s 5000 Fastest Growing Companies 2018 Executive of the Year 2018 Fastest Growing Company 2017 | 2018