DS News - Bank of America

DS News June 2017

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70 I N D U S T R Y I N S I G H T / B R A D B O R D E L O N Finding safe refuge during a dangerous hailstorm or hurricane can pose its own set of challenges, but the greater difficulty often presents itself once the storm subsides. How do you handle the aftermath and resulting property damages? For homeowners, storm preparedness requires more than keeping a few cases of water on hand, though that is certainly a start. But the need for proper preparation definitely doesn't apply only to homeowners. Damages can reach well beyond a storm's physical path to impact all parties involved with a property. What steps can you take as an investor, aggregator, bank, or servicer to protect yourself and your interests this hail and hurricane season? e first line of defense is to arm the people actually living in the homes with a thorough storm-preparedness plan, like the one I've detailed here. Take note, and then share these tips with your clients as well to ensure everyone is prepared for safe practices and a smoother recovery should a storm hit. DOCUMENT EVERYTHING As a licensed adjuster, my best piece of advice is to know what you have up front—in detail and with thorough documentation. Make sure you take photographs of every angle of your BEFORE AND AFTER THE STORM

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