Dealing With A Flood

by Silver Spoon Properties & Lending 06/09/2019

Floods are one of the most terrifying events to occur in any home, especially if it’s the result of a natural disaster. As expected, your priority should be the safety of your family, and while you make arrangements for their protection, you can do the following things before repairs start. 

1. The first step is to cut off the power supply

Be very careful before going in to grab items as flood water could carry an electrical current to electrocute you or even cause a fire, as well as bring bacteria and microbes into your home. Locate your circuit panel and shut off all power circuits, even if the power from the grid is off. Watch out for signs of potential danger, like a collapsed roof. If the home appears unsafe to enter, do not attempt to go inside.

2. Document Everything

Since you do not know how long it will take before the insurance process kicks in, you will need to start compiling documentation of everything. Pictures and videos are essential, as well as written reports about the condition of the home. If the house worsens after the initial damage let your records reflect it. The claims adjuster will carry out another investigation on getting to your property and the more information you offer, the better informed they can be during their assessment.

3. Begin the Repair Process

As soon as you can, drain the water from your home. If you have a sump pump, you can elect to do it yourself, or you could decide to hire an expert for the job. Take extra caution when paying for services if your claims adjuster is not done assessing the degree of the damage. It’s advisable that you keep receipts for whatever you purchase, no matter how unimportant you think it is. 

4. Be Patient and Cautious

If your region was declared a disaster area because of the flood, you might have to spend a long time before you get access to repair services. Protect yourself from repair scams by asking anyone who comes to your home to provide identification and confirmation that they are from your insurance company, as many conmen often use this con to defraud victims.

If you need special help and assistance from FEMA or other relief agencies, don't hesitate to reach out to them.

About the Author
Author

Silver Spoon Properties & Lending

Carlo Honanian is the Broker and President of Silver Spoon Investments. Carlo started off his career as a Vice President with Chase Bank in the early 1990s with extensive experience in residential and commercial loans, banking, compliance, human resources, sales, clients services,and branch management. Carlo’s real estate career was added to his portfolio of expertise and services in 1999 and has continued on till today. Carlo takes great pride in listening to his client’s needs and providing outstanding service with integrity. Getting training in extensive management skills and superior customer service by one of the top banking institutions around, Carlo has carried the same mentality to the field of real estate and financing in creating and operating Silver Spoon Properties and Lending. Carlo’s vision for creating this company was simple, to be a one-stop-shop for clients to handle all of their real estate and lending needs. Carlo’s extensive experience in loan origination, real estate sales, bank management,and clients services is a distinct advantage to his clients. With the broad knowledge and understanding of residential and commercial real estate and lending, added with a tremendous focus on providing superior customer service and experience is what you can expect with Carlo and Silver Spoon Properties and Lending.

Silver Spoon Properties and Lending is also a Certified Short Sale & Foreclosure Brokerage (SFR) through the National Association of Realtors. Take advantage of our experience and training in dealing with the Short Sale and Foreclosure market today. Please call us today to discuss buying, selling, or financing your property or for a free consultation to discuss your individual scenario. We also offer property management and leasing services. Whether you are a first time home buyer or a seasoned property investor, we can cater to you specific needs. Consider us your one stop shop for residential and commercial real estate sales, loans and financing options like SBA, Commercial, Hard Money, and Residential Mortgages.