What to Do After a Loss of Your Organization

How to Recover Your Nonprofit After a Loss

A loss to your nonprofit organization’s property is never planned and rarely receives much warning. However, it is a reality that many are forced to face. Although the experience of a loss can be stressful and overwhelming, there are some things you can do to help things go smoothly.

Make temporary repairs to prevent further damage.

Before you start fixing things, take plenty of photos to show your insurance agent. Some of these temporary repairs include cleaning up broken windows and patching up holes in roofs.

Keep damaged property.

Do not throw away any damaged property – just yet. You will need to show the adjuster so that he or she can review and examine the extent of the damage. Try and keep the incident as original as possible for the insurance agent to get the best idea of what damage has occurred to your organization.

Call your insurer as soon as possible.

Each individual company handles how claims are submitted differently. Some require that the policyholder notify the agent, while others prefer to have the policyholder report to a claims hotline. It’s important that you discuss the proper procedure for filing a claim with your insurance agent so that you understand what property you can fix immediately.

Keep receipts for all expenses incurred.

Damage to a nonprofit organization can be expensive, as well as devastating. Be sure to keep all of the receipts for temporary repairs and immediate fixes that your organization spent after the incident.

There are a lot of moving parts right after a loss to your organization. If you are ready to get your nonprofit covered, then contact the experts at Colorado Nonprofit Insurance Agency, part of HUB International in Denver, Colorado at 303-894-0298.  We are ready to get you covered today!