For many high-net-worth (HNW) individuals, retreating to a winter home or remaining in a cold climate during the winter can create mayhem for homes unprepared for Mother Nature's whims.
While the breadth of risks in frigid weather is remarkable, so are the many technologies that have been created in recent years to discern a lurking disaster. I recently spoke with Jeff Cline, principal at BCU Risk Advisors in Chicago, for his winter risk perspective. BCU focuses exclusively on the risk management and insurance needs of affluent individuals and families.
“The biggest issue I've seen with winterization is the need to prevent the intrusion of water into the home,” says Cline. “There are just so many ways that water can infiltrate the home, specific to winter conditions. When this occurs, the destruction can be substantial, from ruined interiors and damaged fine art to mold.”
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
