With the hurricane threatening the Gulf Coast, hurricane planning should be a top priority…for those who own multi housing, apartments, commercial and other real estate buildings/assets.
What are the policies and procedures for how your property management company prepares for such an event? Do you have a written procedure that **everyone** who lives in your apartment multi housingrental communities and/or the tenants in your commercial real estate buildings—has and can follow step-by-step?
Below are a few timely and helpful website resources related to hurricanes—about how to prepare for them and a reminder of the damages they can cause. Please share these website urls with those on your leadership, leasing and maintenance teams~
Hurricane preparedness
http://www.ready.gov/hurricanes
Important hurricane information from the Red Cross
http://www.redcross.org/prepare/disaster/hurricane
Within your multi housingproperty management company—-how often do you communicate with your residents/tenants about the procedures in place in the event of a hurricane? Does your whole team (from maintenance to leasing) know their specific disaster plan? What plans do you have in place to minimize damages if a hurricane is threatening your real estate communities/buildings/properties? If your city/area is unfortunately hit by a hurricane, do you and your team know where to turn to…if your residents/tenants cannot return to their apartments/buildings?
Focusing on hurricanes…how does this tie into your multi housing real estate and apartment/commercial business insurance coverage? What is the language for your insurance policy…regarding named storms or wind coverage? How does the county you are located in—impact your real estate business insurance coverage? Also, with the amount of water that a hurricane can bring to an area, does your policy have any language excluding flood?
Would you like our team to do a comprehensive review of your multi housing real estate building insurance coverage—related to hurricanes?
To learn more about this topic and to read the news, trends and ideas being shared by multi housing PM leaders—join the discussion thread below~with 70+ posts.
Industry Knowledge, Real Estate Building Insurance
http://www.linkedin.com/groupItem?view=&gid=36805&type=member&item=76772122&qid=0dc2d3c2-c9cd-4dc8-b481-ed2e4f93d5cb&goback=%2Egna_36805
Crag Simmons
Power Insurance & Risk Management Group
http://www.PIRMG.com
877-602-6030
