1 / 7

The Groundhog Speaks: What About Property Grounds & Insurance?

While the groundhog’s shadow is not scientifically reliable to predict spring’s arrival, by contrast, the state of your property grounds can be indicative of current damage or predictive of damage in the future. Visit http://www.lmrpublicadjusters.com<br>

groundhog
Download Presentation

The Groundhog Speaks: What About Property Grounds & Insurance?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. The Groundhog Speaks: What about Property Grounds & Insurance? Contact us: LMR Public Adjusters (954) 603 -7174 lior@lmrpublicadjusters.com / http://www.lmrpublicadjusters.com

  2. The Groundhog Speaks: What About Property Grounds & Insurance? • Groundhog Day is an annual folkloric predictor for the start of the spring season. On February 2nd, if the groundhog’s shadow doesn’t appear, spring is imminent. Conversely, if his shadow is visible, spring won’t be coming for another six weeks or so. • While the groundhog’s shadow is not scientifically reliable to predict spring’s arrival, by contrast, the state of your property grounds can be indicative of current damage or predictive of damage in the future.

  3. Ways your property grounds might be associated with damage • Foundational shifts - Soil changes can ultimately dislodge your property from its foundation, causing minor, if not major, damage. “Earth movement coverage” is meant to protect you from unusual soil movement which causes property damage. Bear in mind that normal soil movement is not usually covered, so you should investigate whether the property was constructed correctly.

  4. Ways your property grounds might be associated with damage • Swamps & sinkholes - Insurance is usually called “ground cover collapse coverage,” and can insure property foundation damage. • Flood insurance - Water seeps. This means a flood might not only damage the building, it might damage the foundation of the building thus causing more damage. Therefore, if you have a flood, this coverage could protect you from major water damage to your home and foundation.

  5. Ways your property grounds might be associated with damage • Burst pipe - A burst pipe is similar to a flood in the sense that it can leak into the ground of your property and disrupt the foundation, causing damage. Look into whether your burst pipe coverage includes foundational damage. • Termites - Subterranean termites often build their homes in soil mounds, creating intricate tunnel systems leading to wood which they feed on. If this wood is part of your home, over time, these termites’ appetites could cause damage to your home’s foundation. Homeowners insurance usually does not cover this type of damage, so make sure you are taking preventative measures against termites.

  6. Be aware of property damage issues • Unlike the groundhog, you don’t need to look at your shadow to predict what’s ahead.  Being aware of the above-ground issues with regards to property damage, can make sure you have the correct insurance coverage and/or are taking steps to avoid the problem in the first place. If you have any questions regarding your home insurance coverage, contact us.

  7. <BLOG TITLE> Contact us: LMR Public Adjusters (954) 603 -7174 lior@lmrpublicadjusters.com / http://www.lmrpublicadjusters.com

More Related