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Protecting Your Home from Fire

One of the worst things that can possibly befall you as a property owner is a fire. Fire is so destructive and so devastating that not only could it potentially leave you without a home or income, but it could also injure and potentially even kill you, your family, or your tenants, so it’s important you do everything you can to protect yourself and your real estate from the threat of fire.

One of the best ways to do that is by having your electrical wiring and any gas appliances regularly inspected, and where necessary, prepared. You should also have working fire alarms installed in all of your properties at all times, so should a fire happen, it can be very quickly dealt with, which should hopefully minimize its impact overall.

Of course, insurance is another important thing to consider. Many standards home insurance policies are simply not good enough when it comes to fire damage, especially if you live in an apartment, with some policies like the HDB fore insurance, covering you only for the structural damage caused to your apartment, whereas other policies will cover you for everything from the contents of your property to renovating your home after fire damage has been done, which is why most HDB owners should think about taking out a full home insurance policy rather than relying on the HDB alone.

If this is an issue that may affect you, this infographic explains the differences between HDB fire insurance and other home insurance policies pretty well:


Infographic designed by: PropertyGuru Group

 

 

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About the Author

Kaya Wittenburg

Blog Author and CEO

Kaya Wittenburg is the Founder and CEO of Sky Five Properties. Since the age of 10, real estate has been deeply ingrained into his thoughts. With world-class negotiation and deal-making skills, he brings a highly impactful presence into every transaction that he touches.

He is here to help you use real estate as a vehicle to develop your own personal empire and feel deeply satisfied along the way. If you have an interest in buying, selling or renting property in South Florida, contact Kaya today.

   
Feel free to call me at: (305) 357-0635
or contact via email: info@skyfiveproperties.com