Threats to your New York or New Jersey condos and co-ops go beyond fire and theft. Water leaks, gas leaks and dampness can all cause extensive damage to your properties and their tenants.
Often, these problems start off small and go undetected for years, only becoming noticeable once they’ve caused significant damage.
Fortunately, minimizing the risk of financial loss due to property damage and bodily injury is easier than you might think.
Limit Damage to People and Property With a Building Monitoring System
Building monitoring systems, such as Johnson Controls, provide you with an easy way to monitor your New York or New Jersey condos and co-ops for abnormal conditions.
These systems use environmental sensors to gather real-time data about building systems and conditions and turn it into actionable intelligence.
Listed below are some examples of the types of monitoring capabilities these systems offer.
Low temperatures can cause water pipes to freeze and burst, resulting in extensive water damage. Sensors that monitor the temperature of your New York or New Jersey condos and co-ops and alert you when it drops below a certain level can help you to detect low temperatures and take action to prevent your pipes from freezing.
Carbon monoxide is a poisonous gas that’s released by faulty fuel-burning appliances. Low exposure to the gas can make your tenants ill, and high exposure can be fatal.
Carbon monoxide is difficult to detect, as it’s colorless, odorless and tasteless, but carbon monoxide detectors placed in rooms containing fuel-burning appliances can detect and alert you to abnormally high levels of the gas in the air.
High humidity can cause condensation and mold growth, and the results can be serious: Not only could your condos and co-ops end up with structural damage, but the resulting dampness could cause health issues for your tenants.
Humidity sensors installed in damp-prone areas, such as kitchens, bathrooms and basements, can help you to detect and eliminate excess humidity for a safer, drier environment.
Protecting your New York or New Jersey condos and co-ops against floods, gas leaks and other hazards doesn’t have to be a challenge. By using building monitoring systems, you’ll benefit from additional protection beyond your condo and co-op insurance coverage.
For information on insurance options for your New York or New Jersey condo and co-op buildings, please contact our insurance agents today.