As the owner of rental properties, if you could reduce your economic loss by reducing the size of a cooking fire for approximately $50.00 per unit would you do it? You can do this with a simple item called StoveTop FireStop .
According to the National fire Prevention Association (NFPA) a kitchen fire starts every 8 minutes. Cooking is the leading cause of fires in college apartments. According to the Vancouver Washington Fire Department 38% of all apartment fires are cooking related. The typical loss for a kitchen fire loss is $46,000.00 however in a building with a fire suppression system the typical loss is $2166.00, a huge difference. These are scary numbers but by taking a few proactive steps you may save thousands of dollars but more importantly you can save lives.
As the owner of rental properties if you could reduce your economic loss by reducing the size of a cooking fire for approximately $50.00 per unit would you do it? You can do this with a simple item call StoveTop FireStop . These easily installable kits dispense a fire suppressing powder directly onto the fire so the unit is effective on all types of fires, the powder is non-toxic. The unit also emits an alert to residents so they are aware of a problem. There are two different models of StoveTop FireStop, it is important to install the proper type based on your range top configuration.
Many insurance companies will offer a credit when calculating your property insurance premium if you install these devices in all of your rental units. As a trusted insurance adviser we are always looking at ways to assist our clients in operating their business in the safest but yet most profitable ways. To find out more about the customized programs we have for owners of investment properties feel free to contact us or follow our blog at www.Richey-Barrett.com