Coinsurance on a commercial property
This company used coinsurance to help recover from this fire
Coinsurance clauses are found in a wide range of insurance policies, but serve varying purposes depending on the area of insurance. When used in the context of property insurance, coinsurance is defined as "the percentage of the value of the property that a policyholder is required to insure." Coinsurance clauses are included in commercial property policies in order to ascertain that policyholders are purchasing a sufficient limit of insurance, and penalizes those who do not. If the policyholder fails to purchase an adequate amount of the value for their insured property, then their claim payment is reduced and they may not be fully covered in the event of a disaster. When this happens, the insurer compares the policy’s limit at the time of the loss against the amount required by the coinsurance percentage to calculate what will be paid out on the claim. Let's illustrate this in an example: Say a building is valued at $1,000,000 and the insurance policy contains an 80% coinsurance clause. This clause would specify the policyholder insures the building for $800,000. If the policyholder were to only purchase $600,000, they would be subject to penalty in the case of a property loss. Continuing the above scenario, if only $600,000 of property limit is purchased and a fire occurs that causes $300,000 in damage repair, the claim payout would be calculated by dividing the actual insured amount ($600,000) by the required insured amount ($800,000), or 75%. That percentage is then multiplied against the $300,000 loss, so the policyholder would only receive $225,000 minus any applicable deductible. Insuring the property at an amount less than the coinsurance clause percentage detracts from the claim payout. Coinsurance does not affect you until a loss is suffered, but it is essential to be aware of the inclusion of this clause when purchasing a policy as it will directly impact the coverage you receive in the event of a disaster.
Here at SERVPRO of Babylon/Deer Park, we are here to help "Like it never even happened." Please give us a call at 631-661-3802
Commercial Insurance Cover Weather- Related Damage
This business used their interruption insurance from a fire that break out
Different ways weather can impact a Business
There are many ways weather can impact a business. For example an electrical storm and snow could knock out power and make it impossible to operate your business. However, it could also damage your buildings and make it necessary to shut down. In this way, you could lose business capabilities for a period of time. Thankfully, insurance will cover many of these problems.
Business Disruption Insurance is Crucial
General commercial insurance may not cover these problems if you do not include business disruption coverage. This type of insurance coverage is designed to help cover losses when weather or damages impact the operation of your business. It will help get your business back in working shape and minimize personal and businesses losses in an effective manner. As weather-related damage is considered an act of God, specific coverage like this is needed for your business.
When purchasing this type of insurance, it is important to choose a type that covers all possible damage. For example, it should cover emergency repairs to your building, equipment breakdown, food spoilage, loss of power, tree damage, loss of water,wind damage, snow damage, and winter storm damage. These types of weather damage are hard to predict and must be covered as much as possible.
CALL SERVPRO of Babylon/Deer Park at 631-661-3802
FAQ's about Water and Mold
1) Q: Is it a good idea to clean up and dry out the water damage myself?
A: If water flooded a large portion of your home or office, it’s the water you can’t see, the water that wicks up behind the wall or under the floors, that causes mold or mildew. You need a licensed professional to clean up water damage to get to properly clean and dry out the water.
2) Q: How long does it take to dry out my home or business?
A: The answer completely depends on the situation and circumstances. Usually, it takes around 2-3 days to dry out an average sized room. Also, concrete takes longer to dry than wood.
3) Q: Is it okay for me to open windows or doors during the drying process?
A: IT IS HIGHLY RECOMMENDED TO NOT! Our crew specifically sets up your property to dry it efficiently and properly. By opening up windows and doors it can cause drying problems based on weather conditions. Also, do not turn on the air conditioner or heat during the drying process.
It is important that when you have water damage that a trained and licensed professional properly takes care of
Please give us a call at 631-661-3802 for any more questions, concerns and more information. We are here to help "Like it never even happened."
How to properly dry water intrusion in your home or business
SERVPRO was called to cleanup the mold up in this basement
This photo was taken awhile back from mold damage. Unfortunately, mold damage can occur from anything related to water in the area that their was mold. Anything, from a leaky pipe to a flood mold damage can happen in the most inconvenient times. It is highly important that the mold is cleaned and taken care of properly.
Here are some tips to properly dry the water intrusion to prevent mold growth:
- Moisture levels in all affected building components should be measured to determine where the water damage has occurred.
- Hidden moisture, such as in ceiling plenums and wall cavities, must be tracked and measured.
- The right equipment for the job must be properly placed for rapid drying.
- Daily moisture readings should be recorded and reported (a critical defense in case of health allegations).
- Determine the building’s normal moisture level and document goal attainment.
We hope mold growth never occurs in your home, but if it does SERVPRO of Babylon/ Deer Park is always here to help 24/7 "Like it never even happened." Call us with any questions, estimates, concerns and more information at 631-661-3802
Fire damage in home
The floor of a home severely damaged from house fire
This photo was taken after fire damage in a home. The crew was there to help and the situation was taken care of. Obviously, fire damage in your home is very devastating.
Before the professionals start your fire damage restoration project, here are some things to do after a fire:
- Limit activity and foot traffic in your home. Staying off of carpet, furniture, and upholstery is key to preventing soot, dirt, and other particles from getting trapped all around your home.
- If you do need to get around your home quite a bit, put down clean towels or sheets on the floor and furniture.
- If possible, change filters in your home to keep dirt and soot from circulating.
- Don’t try to wash the walls or carpet — leave that for the professionals to avoid permanent damage.
- Don’t try to clean kitchen appliances yourself. After a fire, electrical connections and wiring may be damaged and could cause further problems if not cleaned carefully and correctly. Leave it to professionals to take care of that
Here at SERVPRO of Babylon/ Deer Park is always here for you, your home and your business. Please give us a call at 631-661-3802.
A big mess is now in need of a cleanup
This job was done last April. The problem was the massive amounts of stuff piled up from years and years of not being cleaned. It was time something was done. Dirt and dust has accumulated on the items in the basement. Here are some steps to help clean up a disaster in your home:
- First off, if you left most of those things in the basement for years you probably do not want them anymore, THROW IT OUT!
- After you have thrown out all the unwanted things its time for you to remove any carpet or flooring that was too damaged to be salvaged.
- Next, you must clean the floor and ceilings and make sure it's ready for any new carpet or flooring you want to put in
- Lastly, you add new flooring or carpet to your room and you MUST maintain this in order to prevent another cleanup.
SERVPRO of Babylon/Deer Park is an emergency fire and water company. We are always here to help 24/7 "Like it never even happened." Please give us a call at 631-661-3802
Super Storm Sandy Damaged home after 6 years
This home was left after Hurricane Sandy due to water damage. it is now being worked on 6 years after the storm hit Long Island. From the moisture of the water that was left their, it began to peel the paint off the walls. It has also begun to grow mold and slowly deteriorates the home. This is unhealthy for the home to be left like this for too long.
it is very important that immediately after any water damage that you have it restored in order to prevent any further damage also so this does not happen again. A home that is abandoned for long periods of time can be dangerous. PLEASE BE CAREFUL!
Obviously, hurricanes and natural disasters are incredibly devastating. SERVPRO of Babylon/ Deer Park is here to help for any water damage or restoration purposes. Give us a call at 631-661-3802. We are open 24/7, so give us a call whenever needed.
Cleaning home after water damage
These people took our advice and called a professional like SERVPRO of Babylon/Deer Park
It is very important that you maintain the cleanliness of your home after water damage to prevent mold growth. This is not only mold growth but just in general. Here are tips to help the process of cleaning your home or business after water damage.
- Disconnect the power, unplug any electronics, and remove electronics, furniture, and movable items immediately.
- Get rid of the water as best as possible
- Dry out the affected area to prevent more mold growth
- Disinfect the affected areas to prevent mold growth
- Dispose of damaged items responsibly. The damaged items can be taken to a recycling center instead of to the landfill.
SERVPRO of Babylon/ Deer Park is here to help clean up and restore the water damage and prevent mold growth. Call us at 631-661-3802
Frequent Mold Questions and Answers
Mold Questions and Answers:
Q: Do I have to clean everything in my house or just the major things like clothing and furniture?
A: You should clean everything to ensure it's all gone and will not come back, specifically the places that had the most mold.
Q: Which places have the highest rates of mold exposure?
A: Saunas, showers, greenhouses, homes that have a water intrusion issue, etc.
Q: How do I get rid of mold in my home/business?
A: Some mold spores will be found floating through the air and in house dust. If there is mold growth in your home, you must clean up the mold and fix the water problem. You must fix the water problem completely otherwise the mold will grow back.
Mold can happen anywhere and happens to us all. Here at SERVPRO of Babylon/ Deer Park, we can help in all 911 emergencies when it comes to Fire and Water restoration and mold remediation. Please give us a call at 631-661-3802. We are here to help "Like it never even happened."
How to prevent Water Damage in your Basement
If the water was left on the floor then the wood tiles will be damaged
Obviously, having water damage in your basement is an unfortunate event to happen in your home, but here are some ways to prevent water damage:
1. Check for Leakage
- Check for dark spots under pipes inside sink cabinets, stains on ceilings, toilets that rock, and of course, drips.
- At least once a year, inspect your roof. This is very important. Repair missing, loose, and damaged shingles. Repair any cracked caulking and check for leaks around flashing
2. Sump Pumps
Make sure you test sump pumps regularly to ensure they will work during a flood. Here is how to do test them.
- Slowly fill the sump pump pit with water. Watch for the “float” (similar to the float in your toilet) to rise, which should turn on the pump. Then watch to make sure the water level falls.
- Test your backup pump the same way, but unplug the main pump first.
- You want your sump pumps to work to prevent any floods from happening
We at SERVPRO of Babylon/Deer Park are always here to help with any Water Damage issues. 24/7. Just give us a call at 631-661-3802 "Like it never even happened."