ICAT Blog Risk Mitigation
March 08, 2023 | Insurance Coverage | Risk Mitigation
Roof Maintenance & Your Insurance
Your roof is one of the primary exterior protection barriers, and it is essential to keep it well maintained. Did you know your roof can also affect your insurance rate and eligibility? Insurance companies will always want to see the condition and age of the roof. Here are a few steps you can take to maintain your roof.
March 08, 2023 | Insurance Coverage | Risk Mitigation
How your Roof Affects Your Insurance.
The roof of your home or business is one of the primary protectors against disaster damage. Maintaining your roof is not only crucial to keeping your overall property protected, but it affects your insurance as well.
March 03, 2023 | Earthquake | Flood | Hurricane | Insurance Coverage | Risk Mitigation
Navigating Insurance in a Hard Market
Inflation, a rise in natural disasters, and capacity constraints has brought the insurance world to what is known as a ‘Hard Market.’ Here are a few things you can do to help navigate the ‘Hard Market.’
March 03, 2023 | Earthquake | Flood | Hurricane | Insurance Coverage | Risk Mitigation
The Cycles of the Insurance Market
The insurance industry is cyclical, and each cycle can span several years. We are currently in what is known as a "Hard Market."
February 17, 2023 | Earthquake | Flood | Hurricane | Risk Mitigation
Restore Your Power Safely after a Disaster
Generators are beneficial in the event of a disaster. During a power outage, generators can restore power to essential appliances and keep your home warm. It is imperative to follow safety protocols to keep your generator running properly and your property safe! As always, be sure to read and follow your generator's instructions.
December 14, 2022 | Earthquake | Insurance Coverage | Risk Mitigation
Is your Earthquake Insurance Policy Covering the Essentials?
When purchasing Earthquake insurance, it is essential to ensure your needs are covered. While some policies may look affordable on the surface, they may lack the coverage you need when a catastrophic event occurs.
September 27, 2022 | Insurance Coverage | Risk Mitigation
Inflation and What it Means for the Insurance Industry
Inflation is a popular topic of discussion across all industries, including insurance. There are many factors contributing to the rising costs of goods and services such as supply chain issues, labor shortages and changes in technology.
July 14, 2022 | Risk Mitigation
Understanding Hail Risks for Your Property
Hail can be one of the most destructive weather incidents to your property. Although hailstorms can occur anywhere in the world, they are most common in the United States. In 2019, over 7.1 million properties were damaged by hail with losses reaching $13 Billion. Hailstorms typically occur between February and July and are some of the most difficult weather conditions to predict.
July 14, 2022 | Risk Mitigation
4 Hazard Safety Tips to Keep Your Property Damage-Free
When it comes to owning a home or business, there are plenty of potential hazards that can put your property at risk. From severe weather to accidents, the potential of damage to your property can lurk anywhere. To help protect your investment, here are four hazard safety tips for keeping your property damage-free.
May 31, 2022 | Risk Mitigation
Important Fire Safety Tips for Fire Prevention
The National Fire Protection Association (NFPA) reports that each year fires cause death and injuries, millions of dollars in property damage and countless hours of lost time. You may have only minutes to escape once a fire starts. In an effort to help keep you and your loved ones safe, we have compiled a list of important fire-safety tips. Whether you are at home or work, always be aware of your surroundings and know what to do in the event of a fire.