{"id":1530,"date":"2021-10-28T04:47:00","date_gmt":"2021-10-28T04:47:00","guid":{"rendered":"https:\/\/teague.local\/?p=1530"},"modified":"2021-10-15T04:49:26","modified_gmt":"2021-10-15T04:49:26","slug":"how-to-prepare-for-a-property-loss","status":"publish","type":"post","link":"https:\/\/www.teagueins.com\/2021\/10\/28\/how-to-prepare-for-a-property-loss\/","title":{"rendered":"How to Prepare for a Property Loss"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\" id=\"h-nobody-wants-to-have-a-loss-of-course-but-you-need-to-be-ready-here-are-six-things-to-do-right-now-while-you-re-safe-and-sound-with-no-immediate-threats-out-there\">Nobody wants to have a loss of course, but you need to be ready. Here are six things to do right now, while you\u2019re safe and sound with no immediate threats out there:<\/h3>\n\n\n\n<ol class=\"wp-block-list\"><li><strong>Anticipate the kind of loss you might sustain.<\/strong>\u00a0Which business units are at risk, how will those units respond to an event and how they can quickly and efficiently resume operation either in place or off-site?<br><\/li><li><strong>Create a Loss Adjustment Team.<\/strong>\u00a0Generally, it is helpful to identify the parties involved in advance of the loss. This means identifying an adjuster in advance and any other consultants that may be useful such as an engineer, construction consultant or accountant.<br><\/li><li><strong>Understand Your Coverage.<\/strong>\u00a0Carefully look at your coverage. Then, if you have any questions or concerns, call us to review it with you as well. The time to reconcile matters like this is now, prior to a loss.<br><\/li><li><strong>Secure Important Documents:<\/strong>\u00a0financial records, inventory records, appraisals, building drawings, etc. can all be critical to the adjustment process. If you have paper documents make sure they are properly secured in a fire-proofed location or, better yet, stored off-site. Make sure your electronic records are secure and backed-up.<br><\/li><li><strong>Identify Key Points of Contact.<\/strong>\u00a0Who are the key players in your organization in sales, operations, accounting and finance, warehousing, and risk management? Your plan should ensure that the entire team can interact efficiently and effectively with leadership during the aftermath of the loss and with the adjuster.<br><\/li><li><strong>Contact us.<\/strong>\u00a0We want to help.<\/li><\/ol>\n\n\n\n<p><a id=\"disclaimer\" href=\"https:\/\/smartspublishing.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Article Courtesy of SmartsPublishing.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nobody wants to have a loss of course, but you need to be ready. Here are six things to do right now, while you\u2019re safe and sound with no immediate threats out there: Anticipate the kind of loss you might sustain.\u00a0Which business units are at risk, how will those units respond to an event and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1529,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[13,22],"tags":[],"class_list":["post-1530","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-insurance","category-business"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.2 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>How to Prepare for a Property Loss - Teague Insurance<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.teagueins.com\/2021\/10\/28\/how-to-prepare-for-a-property-loss\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to Prepare for a Property Loss\" \/>\n<meta property=\"og:description\" content=\"Nobody wants to have a loss of course, but you need to be ready. 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