Risk & Business Magazine CMW Spring 2016 | Page 6

Water Damage Mold in the Building BY: GRANT PRITCHARD, CLIENT EXECUTIVE, VICE PRESIDENT, CMW A s a property owner, one of your top priorities should be the detection and prevention of water damage and mold in the buildings you own or manage. Not only does water damage harm the structural integrity, but mold can be harmful to the health of the occupants. Particularly the toxic black mold which so often makes its rounds in local news stories. The goals you should have are not only to be able to detect potential water damage and mold growth in your properties, but also to prevent them from ever taking place to begin with. perform your own inspections from time to time and not always to rely on tenants to alert you of potential issues. From an insurance perspective, water damage claims most often occur due to burst pipes, overflow from bathtubs or sinks, or malfunctioning appliances (indoor and outdoor). Regularly inspecting these areas is an important aspect of preventing issues with water damage. Ultimately, you want to mitigate the risk of damage before it becomes a big enough problem to require filing a claim. That is the best course of action, in every case, for both property managers and owners. If you would like an overview of your potential water damage exposure or simply want more information, please contact Grant Pritchard at 604 484 2908 or [email protected]. Here is a brief list of some places to start: • Plumbing – Inspect all water lines and valves once or twice a year for all fixtures, including sinks, tubs, toilets, etc. If you find any issues, turn your water off in order to make repairs. Check around the toilet for leaks at the base. Know exactly where your water-shut off valve is located in case you need to use it. During any cold weather snaps, allows faucets to drip a bit so the pipes do not freeze and break. • Appliances – Replace washing machine hoses every few years (at least every five). Utilize stainless steel mesh hoses if possible. Balancing of the machine is also important, as an unbalanced unit can move the hoses. Check to ensure the discharge hose of the washing machine is in place. Always follow manufacturer specified maintenance for your appliances, including your hot water tank. • Roof and Gutters – Keep gutters clear and well maintained. Make sure gutter downspouts direct rainwater away from the foundation (and use extensions to carry the water at least 6 feet away). Add a drip cap or drip edge to your roof if you do not have one, it will assist with runoff. Have the roof inspected every three years by a professional and routinely check it for damage yourself. In addition, consider checking the ventilation in your attic and seal any gaps allowing warm air in. If you have a sump pump, test it several times a year. Remove excess moisture in kitchens and baths via exhaust fans (or install them if possible if you do not have them). Check and repair any tile and grout around showers and baths. Finally: ensure your windows and doors are properly weather sealed. When managing properties you own, it is best to Should water leaks or damage occur, cleaning up the affected areas is of the utmost importance. Mold can begin to grow almost immediately upon an area getting wet but they usually do not become an issue until 24 hours or more afterward. It is best to let professionals examine the area after the cleanup is finished to find out if remediation will be necessary. Grant Pritchard is a Client Executive, Vice President at CMW. With over 15 years of experience in the insurance industry, Grant specializes in custom insurance and risk solutions for residential and commercial stratas. He is an associate member of the Professional Association of Managing Agents and an active participant with the British Columbia Apartment Owners & Managers Association.