January 07, 2019 10:03am
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s 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 Stove Top 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. The Vancouver Washington Fire Department states that 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.

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. If you want to learn more, check out the StoveTop FireStop website at https://stovetopfirestop.com/

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 Advisor, we are always looking at ways to assist our clients in operating their business in the safest and most profitable ways.

As the owner of rental properties in Northeast Ohio keeping your buildings safe is paramount to your success. To review all of your property and liability insurance contact your Trusted Choice Independent Insurance Agent at Richey-Barrett Insurance.

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