Copper theft continues to be an unexpected and expensive problem…for those who own apartments, commercial and other RE buildings/assets.
Below are five interesting articles related to copper theft–and a number of smart/bright recommendations. Please share these stories with those on your leadership, leasing and maintenance teams~
$750,000 In Damages From Copper Theft
http://www.cultureofsafety.com/safety-tips/copper-theft/
Copper Theft Suspect Caught In The Act
http://woonsocket.patch.com/articles/copper-theft-suspect-caught-in-the-act
1. Feet of Copper Pipe Stolen
http://local.nixle.com/alert/4761260/
Deterring Copper Theft At Commercial Buildings
http://blog.picor.com/bid/41723/Deterring-Copper-Theft-at-Commercial-Buildings
$500,000 In Damages From Copper Theft
http://www.wkyt.com/home/headlines/126331303.html
Within your property management company—-what are your policies/procedures for how often your team is checking the exterior lighting at your apartment and commercial RE 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? How can a partnership with local law enforcement…help to prevent copper theft?
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 vacant buildings where copper theft is more common? When using a combination of security and alarms…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 25+ posts.
Industry Knowledge, Real Estate Building Insurance
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Power Insurance & Risk Management Group
http://www.PIRMG.com
