After this past winter of frigid temperatures, New Jersey condominium and townhome owners had hundreds of water pipe breaks which led to hundreds of thousands of dollars in remediation costs. Developing a plan to identify and winterize vacant or abandoned units is important to minimizing losses.

Utilize your newsletters and/or association meetings to encourage residents to alert you to these types of units. In the end, the cost and efforts to gain entry to winterize vacant or abandoned units will be much less than the costs of paying insurance deductibles, having increased claim frequency and potential increases in insurance premiums.

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