What is ‘Preventative Property Maintenance’ and why is my insurance carrier requesting it?

During this ‘hard’ insurance market, many insurance providers are requiring ‘Preventative Property Maintenance’ tasks both at the policy inception and throughout the policy period. These inspections are completed by a third party or a drone hired out by the insurance carrier. Your Homeowners insurance company is likely requesting preventative property maintenance to minimize risks, control costs, and enhance safety. By ensuring that your property is well-maintained, the likelihood of insurance claims due to preventable issues is reduced, leading to cost savings for both you and the insurer. Regular upkeep helps preserve the value of your property, ensures compliance with policy terms and regulations, and fulfills your responsibility as a policyholder to prevent damage or loss. Ultimately, investing in preventative maintenance helps protect your investment, maintain insurance coverage, and create a safer environment for occupants and visitors.