LPI Newsletter

LPI Winter Newsletter 2017

At LPI we care about the safety and protection of you, your family and your business. That’s why this winter’s newsletter covers important topics including Winter Driving, Earthquake Preparedness, Water Damage and Business Interruption Insurance.

The Winter Driving season is upon us and the unpredictable weather it brings can create adverse driving conditions and challenges due to heavy rain, snow, slippery roads and poor visibility. A simple way to drive safer in the winter is to reduce driving speed and double the braking distance you would normally need in ideal driving conditions. Topping up your windshield washer fluid and using winter tires also increases safety. A good Emergency Roadside Assistance Package also makes a wise investment this time of year and can provide you and your family with an extra degree of comfort and peace of mind. Our Emergency Roadside Assistance Provider Access Roadside Assistance can save you almost 20% on the Basic and Plus roadside packages sold by BCAA. The Access Basic package is only $69.95 and can be purchased right off our website at the following link: Access Roadside Assistance

If you’d like to learn more about safer winter driving check out ICBC’s website for more information: ICBC Winter Driving Tips      

Heavy Rainfall Warnings Ahead!

The rainy season is well underway and personal property losses caused by overland flooding are typically not covered by insurance. Nearly 50% of home owner’s property damage claims are now water related so insurance companies are becoming more diligent about their payouts on water damage. What causes basement flooding? A crack or leak in your home’s foundation, basement walls, windows or doors. Failure of the weeping tile system (foundation drains) and overflowing eaves troughs also contribute to flooding risk. Having your drain tiles inspected for blockage is a good way to prevent water damage claims. Keeping your drain tiles clear is a relatively inexpensive way to protect your home and your claims free discount.

Give PHD a call with any questions regarding your drainage system at 604.897.0503 or email them at phdplumbing@hotmail.com.

Increased rainfall and poor drainage are not the only causes of flooding and water damage claims.

Burst pipes, water leaks or a tap left running can all lead to water damage. Damage Control Pro has a new monitoring device known as AquaTrip which will automatically shut off your home’s water supply in the event that your water system has been compromised. The AquaTrip is easy to install and costs less than your deductible. Most insurance companies offer you a discount on your insurance premiums for having a water shut off system so the benefits can really add up.

You can also learn more about the AquaTrip and other products sold by Damage Control Pro by visiting their website: DCPro.ca


 There is a 30% Chance of a Major Earthquake in BC in the next 50 Years. Are You Ready?

The earthquake in San Fransisco on August 24th, 2014 measured 6.0 on the Richter Scale and caused $4 Billion in property and business interruption losses. Yet another reminder that the pacific ring of fire that San Francisco and Vancouver sit on will continue to be an active and sometimes violent force in our lives. It is estimated that a large scale quake in the lower mainland could cause $25+  Billion dollars in property damage and another $70 Billion dollars in business interruption losses. Some people may be under the impression that in the event of an earthquake the government will step in and pay for repairs and property restoration – this is simply not the case. The question of who will pay for what is a big one. We have gathered valuable information from several sources to help you and your family prepare for an earthquake. Earthquake preparedness should also include a review of your earthquake coverage to make sure that your deductibles are not sky high and living and business interruption expenses are covered. You will also find an important discussion on why owning a condo or townhouse carries its own set of risks when it comes to earthquake and flooding at the following links:

LeGearPelling.com/Earthquake-Preparedness/          LegearPelling.com/Earthquake/
If you have any questions about the topics covered in this newsletter feel free to give us a call at Tel. 604.276.2474. We’ll be happy to talk to you!