November 2019

21
Nov

Do I Need to Take a Home Inventory?

How and Why You Need a Home Inventory List

If you were asked to make a list of everything inside your home from memory, could you do it? Chances are, you’d end up forgetting a few things, right? What if there was a major disaster and you had to file a homeowners insurance claim. Then, your insurer asks you what belongings you lost in the disaster. This is where a home inventory list comes in handy – yet is often overlooked by homeowners.

What is a home inventory list?

A home inventory is a list of everything you own and that is inside your property. It helps insurance carriers understand the value of belongings you lost in a peril, and what needs to be replaced. Having an up-to-date home inventory on hand can speed up the claims process after a disaster, helping you to get back on your feet as quickly as possible.

How to start your home inventory

Creating a record of everything your home can sound daunting. But there’s no need to get overwhelmed.

  • Choose a starting point – and work room by room
  • Take pictures or a video of all of your belongings
  • Make sure to capture serial numbers/identifying features
  • Write down a list of all of your belongings and their value
  • Keep your receipts and scan them in or take a picture so that you have a digital copy
  • Store the inventory both on paper and digitally so that you have multiple versions to rely on

Make sure to update your inventory when you purchase new belongings or sell any possessions. Make sure you have a homeowners insurance that you can rely on. Need help finding adequate insurance? Contact Abatelli Group, Inc., serving Whitestone and neighboring cities in New York with the right and reliable coverage.

14
Nov

4 Ways to Protect Your Business from Fires

Safeguarding Your Business Property from Fires 

Is your business fire safe? Are you confident that you are taking every possible precaution against a fire breaking out? If the worst does happen, is your business ready to cope with it safely and effectively? Failing to take the appropriate steps to prevent and manage fire risk isn’t just a foolish oversite. It is your legal obligation to protect your premiums, workers, and customers from the risk of fire.

Here are four essential steps you should take to safeguard your business from fires:

  1. Create an emergency evacuation plan. Your employees and guests should know how to leave your business at any time by locating the nearest exit, which should be clearly marked and unobstructed. Conduct an evacuation drill at least once a year to ensure that your employees know how to handle an emergency.

 

  1. Install and maintain fire suppression systems. This means installing fire alarms, sprinklers, and ensuring all employees know how to use a fire extinguisher. Regularly check these systems to ensure that they are in good working order.

 

  1. Understand your risk. Conduct a risk assessment to understand what kind your business faces. Keep in mind that electrical equipment is responsible for a high number of fires, so be sure to maintain this equipment, tidy cords away, and allow air to circulate machinery.

 

  1. Review insurance. Your commercial property insurance helps to replace your business’s belongings after they have been destroyed in a fire. Make sure that you have plenty of coverage that protects all of your business equipment, furniture, electronics, inventory, and more.

For the right commercial property insurance policy, contact our expert team at Abatelli Group, Inc. today. We serve Whitestone, Flushing, Bayside, Little Neck, and surrounding cities of New York with reliable coverage!