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Adapt your business continuity plan for COVID-19 conditions

By agent, air, business, catastrophe, coastal, continuity, coronavirus, COVID-19, desert, disaster, downturn, economic, emergency, evacuation, FEMA, hurricane, independent, Insurance, mask, Pandemic, plan, planning, prepare, prevent, public, rain, ready.gov, resources, sanitizer, shelter, shortage, smoke, Storm Prep, supply, wildfire, wind
business-continuity

With hurricane season now upon us and the risks of wildfires increasing every day in the summer heat, planning for natural disasters is an inevitable and necessary part of every disaster preparation or business continuity plan. But how effective will these plans be in the midst of the current COVID-19 pandemic?

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Know the types of water shut-off devices

By agent, Automated, automatic, benefit, cost, credit, damage, flow, freeze, independent, install, Insurance, irrigation, leak, management, manufacturer, off, plumbing, point-of-use, policy, premium, pressure, prevent, protect, risk, Risk Management, sensor, shut, shut-off, sprinkler, supply, temperature, valve, water, whole-house
water-shut-off

There are two basic categories of water shut-off systems: whole-house systems and point-of-use systems. While both can prevent water damage, generally only a whole-house system qualifies for a premium credit on your homeowner insurance.

The post Know the types of water shut-off devices appeared first on The Cincinnati Insurance Companies blog.

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Personal insurance: Trends in construction costs

By age, agent, cost, design, energy-efficient, expense, home, independent, Insurance, labor, market, materials, modular, Personal Insurance, price, quality, rebuild, rebuilding, reconstruct, reconstruction, safety, spending, supplier, supply, techniques, unemployment, value, valued
construction-trend

Reconstruction cost – or replacement cost – is the cost of hiring a contractor to replace your home as it is, using materials and design of the same or similar quality. This amount is not the same as market value, which is the value of comparable homes that have sold in your area. Your home’s current reconstruction cost could be very different from its market value.

The post Personal insurance: Trends in construction costs appeared first on The Cincinnati Insurance Companies blog.

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