Copper theft continues to be an unexpected and expensive problem…for those who own apartments, commercial and other real estate buildings/assets.
Below are three recent articles related to copper theft–and a number of smart/bright recommendations to stay ahead of criminal activity. Please share these stories with those on your leadership, leasing and maintenance teams~
Copper theft causes major damage to building
http://www.pjstar.com/news/x1224701062/Copper-theft-causes-major-damage-to-building
Copper pipe theft damage apartments
http://wtvr.com/2012/11/15/copper-theft-causes-thousands-in-damage-at-richmond-apartments
Valley properties try to prevent copper wire theft
http://www.fresnobee.com/2012/11/04/3054448/properties-try-to-prevent-wire.html
Within your property management company—-what are your policies/procedures for how often your team is checking the exterior lighting at your apartments and commercial real esate buildings—especially at the locations where your HVAC units are located? How often do you send communication to your residents/tenants—reminding them about the procedures of alerting management if they see some unusual behavior or activities? How can a partnership with local law enforcement…help to prevent copper theft?
To learn more about this topic and to read the news, trends and ideas being shared by PM leaders…join the discussion thread below~with 425+ posts.
Industry Knowledge, Crime Prevention & Security
http://www.linkedin.com/groupItem?view=&gid=36805&type=member&item=69668654&qid=1f421271-d6e1-4d60-be72-9f805404410d&goback=%2Egna_36805
Focusing on the expensive theft of copper…how does this tie into your real estate and apartment/commercial building insurance coverage? What does your insurance policy require regarding the specific lighting of your buildings—where copper theft is more common? When using a combination of onsite/offsite security patrols, safety/security alarms and other anti-theft/criminal measures…how does this impact your real estate building insurance coverage?
Would you like our team to do a comprehensive review of your real estate building insurance coverage—related to copper theft?
To learn more about this topic and to read the news, trends and ideas being shared by PM leaders—join the discussion thread below~with 85+ posts.
Industry Knowledge, Real Estate Building Insurance
http://www.linkedin.com/groupItem?view=&gid=36805&type=member&item=76772122&qid=0dc2d3c2-c9cd-4dc8-b481-ed2e4f93d5cb&goback=%2Egna_36805
Crag Simmons
Power Insurance & Risk Management Group
http://www.PIRMG.com
877-602-6030
