THE KEY
WATER DAMAGE CLAIMS Tighter scrutiny from insurance provider By Randy Christie, CuraFlo of BC
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2020 was a year that most of us were glad to see the end of and left us wondering what 2021 would have to offer.
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Members Cloverdale Paint has many years of experience catering to the Property Management Segment of our business. We offer many property solution incentives that are directed specifically for your next painting project and maintenance needs. • Colour and Design Rendering Services • Contractor Referral Service • Specification/Scope of Work Services • Warranty Packages • Job Inspections / Consultations For a location nearest you visit: www.cloverdalepaint.com
20 | SPRING 2021
Let Cloverdale Paint help facilitate your next painting project! Members save up to 30% off paint purchases from Cloverdale Paint. Use your exclusive discount code at any Cloverdale Paint company store location. Your discount code: 062LANDLOR Contact Dave Picariello with any inquiries. dpicariello@cloverdalepaint.com
604-551-8083
Property Services
Has your building insurance renewal arrived providing you with your first taste of 2021? Many are finding significant increases in insurance rates and higher deductibles, with a few losing insurance coverages altogether. Insurance companies report that 65 to 70 per cent of residential multi-unit building insurance claims are related to water damages, with the vast majority of those being from pipe leaks (plumbing, heating, and fire suppression systems). Those leaks can be further divided into two major categories: system failures and spills caused by residents.