Congratulations to Emerald Management & Realty Ltd.’s March Resident Manager of the Month ….
March 2019 Resident Manager of the Month
Lauren has been the Resident Manager of Royal Manor an apartment building located in Calgary, AB for many years. In this time she has consistently been setting and exceeding standards. She is knowledgeable, hard working and highly efficient. Lauren is an example to us all. She runs a tight ship and we are very fortunate to have her as part of our property management team.
From all of us at Emerald Management & Realty Ltd., thank you Lauren, for your exceptional service.
With spring upon us, it is a good time for a fire safety reminder. Now that we are leaving behind those winter blues, completing some spring cleaning and enjoying the fresh air — now is a great time to help ensure the safety of your home.
An important safety feature in any home is the smoke detector. Smoke detectors provide the first warning signs of a fire if they are properly tested and maintained.
Smoke alarms only save lives if they work! To ensure everyone’s safety, the following are some tips to keep in mind when thinking about smoke detectors:
- should be checked and tested on a monthly basis
- if battery operated, the batteries should be changed once a year
- also keep in mind that smoke detectors expire every ten years. It is important to change them once they expire to help ensure the safety of everyone.
Smoke Alarms Save Lives
In situations where you have a personal fire extinguisher or a property with them, this is a great time of year to ensure they are inspected and working properly. Yearly maintenance and inspection is an annual safety requirement for all extinguishers. Fire extinguishers that have been discharged need to be inspected and recharged by a qualified technician.
Emerald Management & Realty Ltd. sends annual reminders to tenants about smoke detectors and completes the required safety inspections as needed. For more information about fire safety read Do you know what to do if there is a fire in your Building.
Emerald Management & Realty Ltd. is proud of its insurance program that has been customized for the properties we proudly manage. Many owners and condominium corporations opt into this inclusive program which is guided by the experts at Lloyd Sadd Insurance Brokers Ltd.
Recently there has been a shift in the insurance market that is impacting condominium corporations and multi-family rental properties across Canada. In response, the Emerald team has been working aggressively on behalf of its clients to mitigate the financial impact from the changes in the market place to achieve the best rates. The following is provided to give some insight on the work happening behind the scenes to maximize results.
Insurance Insight 2019
Trends for the past couple years have been deteriorating with the underwriting and claims experienced throughout Canada. Poor investment returns by insurance companies have added pressure to the cost of insurance in the market place. This has also resulted in some insurance companies exiting the property management insurance sector. Despite some profitability being shown by some insurance companies, the industry as a whole appears to have come to agreement and is currently focusing on underwriting profitability for a stable insurance marketplace.
Insurance Insight 2019
In response to the recent changes that started being experienced in late 2018, Emerald’s triggered the negotiation process of its master insurance program and has been working with our independent broker, Lloyd Sadd Insurance Brokers, to aggressively seek the best coverage and pricing in the market place. Further, we are ensuring that coverage is placed with financially sound insurers who have expertise in our property management sector and are known for excellent claims service.
Further to these changes around the insurance environment, Emerald continues to work on behalf of its clients to minimize the impact of this shift on pricing to maintain the benefits of our insurance program. We continue to be focused on achieving the advantage of our low corporate rates, reasonable deductible levels, prompt claims management, rental revenue loss coverage, vacancy coverage … and more.
To discuss the Emerald Management & Realty Ltd. insurance program advantage and any concerns you have with your current property coverage please contact our team.