Don't Let Water Ruin Your Home!

With the spring weather comes the rain, and thawing of the ground!

Water damage costs you and the insurance industry over $1 Billion dollars per year. Don't be one of the many who will face a water claim this year.

Take a quick walk around your home and check out your down spouts. This water can pool around your foundation and cause a lot of damage over time. There are a couple quick solutions to have the water move else where.

Head ove to your local home improvement store and purchase a Down Spout extender for about $10. These stretch out to 4 or 5 feet and can help move the water from beside your home. Alternatively you can go and purchase a rain barrel to catch the water that runs off your roof. These can cost $100 but you will save money over time by using this FREE Water to water your lawn a gardens over the summer.

Do what you can to try and save yourself from a large water damage claim.

If you would like further information on how to minimize your exposure, please do not hesitate to give me a call or drop me a message.

Sean McNamara
smcnamara@petleyhare.com

Minimizing Your Risks

With everything that we do there is always risk involved in what we are doing. Whether it be walking through a parking lot to purchasing a large building.

There are many different things that can possibly happen in anything that we do. 

In my time I have seen many different things happen to people. Some incidents that happen can be be avoided, but at times you can not always avoid things from happening. 

An incident that is fresh in my mind is a parking lot incident. I was travelling through a parking lot and a pedestrian, noticed the bus coming and decided to run to try and catch the bus. With out noticing the person ran between 2 parked vehicles and slammed into the side of my vehicle. This incident certainly could have been avoided if the person who struck my vehicle would have looked and not bolted between 2 vehicles into the parking lot. 

An incident like this could have been easily avoided, but it did happen, and there was nothing that I was able to do to avoid the incident. 

This specific incident shows that at times we are unable to stop something from happening. 

That being said, you can always attempt to minimize your risk in what ever you are doing. 

As mentioned above lets assume you are purchasing a multi tenant residential building. This type of purchase can come with many risks, but at the same time many rewards. 

To minimize the risks, there are certainly many aspects to look into. Your best bet for minimizing risks is to speak with your advisor's. Your advisor's can range from your Insurance Broker, your Financial Advisor, your lawyer and so on. 

If you try to do something large on your own, you might miss some aspects of things that may or may not happen. It is always best to do as much research on your situation as possible to make sure you gain all the information you can about what you are doing. The more knowledge you have about something the better off you can be. 

Before you go ahead with anything, please make sure you you do your due diligence to make sure you know all the risks before getting completely involved. Once you determine the risks involved, you can then make an informed decision on how you would like to minimize the risk.

You are never going to be able to remove all risk, but you will be able to decide if the reward is better than the risk involved.

For more information on minimizing your risk, please do not hesitate to send me a message.

Sean McNamara

YourInsuranceBrokerSean