RAMP empowers members to proactively mitigate their risks.
Prepare
Should you prepare?
According to NOAA, 2021 was the most expensive catastrophic year for natural disasters in U.S. history, at $306 billion. From 2017 to 2021, the average cost of natural disasters in the U.S. was approximately $148 billion annually. Catastrophic events such as hurricanes, floods, wildfires, tornadoes, and hailstorms continue to increase in frequency and intensity. Should you prepare?
Are you prepared?
Although, we don’t like to think about them, catastrophic events can occur at any time. Most business and property owners typically focus on preparing for events like hurricanes and floods. However, in many instances owners are not prepared for more common catastrophes such as tornadoes, fires, lighting, or pipe bursts. Are you prepared?
How does RAMP prepare you?
The RAMP program prepares its members by executing a step-by-step risk analysis and comprehensive disaster plan. Through RAMP’s tailored platforms, each member is guaranteed to be prepared 24/7, 365 days a year.
- CDR – Critical Documents Review
- PCR – Property Condition Report
- REA – Risk Exposure Analysis
- RMP – Risk Mitigation Plan
Respond
Should you have vetted partners?
After catastrophic events there is little to no time for vetting contractors, defining scope and bidding jobs. Unfortunately, there are many instances where property owners are taken advantage of by contractors, public adjusters and other unscrupulous salesman who coerce owners into signing unfavorable contracts that lead to prolonged recovery and unnecessary litigation. According to the Federal Bureau of Investigations (FBI) annual insurance fraud is estimated to exceed $40 billion per year in the United States, excluding any health care related claims. Lack of proper licensing and insurance are often common among out-of-state contractors who are most often unfamiliar with local codes and regulations. Should you have vetted partners?
Do you have the right vetted partners?
One of the most common mistakes by owners is to rely on their local vendors who cannot respond in time simply because of their limited resources and obligations to other customers.
In large scale events such as hurricanes, there are not enough local vendors to handle the immense volume of work. Therefore, it is imperative to have pre-positioned regional and national vendors with the financial capabilities, personnel, equipment, and experience to handle complex projects. Do you have the right vetted partners?
How do RAMP vendors respond?
RAMP vendors deploy within guaranteed response times to secure the property and immediately mitigate damages under pre-negotiated work authorizations. Members have peace of mind knowing that their vendors are pre-approved, vetted and familiar with the property prior to responding. Each successful response is attributed to a multi-tiered vendor system supported by RAMP training and platforms.
- VDP – Vendor Deployment Protocol
- LSP – Life Safety Protocol
- SDP – Security Detail Protocol
- SSP – Site Staging Plan
- ETR – Emergency Temporary Repairs
- PMP – Property Mitigation Protocol
Manage
Should you Manage your own claim?
Currently there are over 100,000 claims in litigation in Florida alone. The most common reason so many claims end up in litigation can be attributed to mismanagement. Many owners try to manage their own claim without the proper resources nor the necessary experience to do so successfully. Moreover, some hire outside experts such as attorneys and public adjusters who focus on inflating estimates rather than managing the claims documentation process as required by insurance carriers. Should you manage your own claim?
Should a contractor manage your claim?
Although many contractors profess to manage claims on behalf of property owners, they are working outside the constraints of the law. By doing so, they are in violation of state statutes such as those in Florida and Texas (Florida Statute 817.234 / Texas Title 5F ch701). Not only do contractors lack the proper licensing to adjust claims but also the management systems and personnel to comply with the numerous requirements from insurance carriers. Now more than ever, insurance carriers are requiring detailed reports as a requisite for authorizing payouts on property claims. The result is always a long-drawn-out series of arguments between ownership, their contractor, and the insurance carrier with most ending in litigation. Should a contractor manage your claim?
How does RAMP manage your claim?
RAMP’s claim management is the foundation to an effective response and rapid recovery.
Our comprehensive online portal provides real time reporting of project cost, scheduling, and scope. From damage assessment to project completion, all insurance documentation requirements are managed by RAMP. The premise behind our systems is to facilitate documentation, communication and transparency. RAMP focuses on ensuring that each loss is properly documented by providing platforms and training to contractors. This approach assists the insurance company in their evaluation of project costs so that discrepancies can be addressed in the moment. Our members have 24/7 access to their claim so that they are always informed. RAMP’s claim professionals, project managers and clerks are always present to administer a loss for its members. RAMP removes a tremendous burden from ownership and their contractors by managing the insurance process. The result is always the same. The utilization of RAMP platforms ensures a rapid recovery.
- DAT – Damage Assessment Technologies
- RTR – Real-Time Reporting
- RTC – Real-Time Clerking
- PAP – Project Auditing Platform
- RCE – Repair Cost Estimate
Recover
What does it mean to Recover?
Key elements of a property loss are building, business personal property, business interruption, extra expense, and exclusions. RAMP optimizes recovery by establishing platforms and protocols to account for each of these key elements. In this way, structures are rebuilt, personal property is replaced, loss revenue is recuperated, additional costs are reimbursed, and exclusions are addressed. What does it mean for you to recover?
Are you prepared to Recover?
According to the BuildFax US Hurricane Recovery Report, it took on average between 18 to 22 months to settle claims and recover after Hurricanes Katrina, Ike, Harvey, and Irma. Many property owners are finding themselves in a prolonged recovery due to the lack of preparation, contracting with the wrong vendors, and mismanagement of claims documentation. Are you prepared to recover?
How do you Recover with RAMP?
RAMP platforms facilitate an accurate scope of work, agreed cost of repairs, and fair claim settlement. Each property is restored to pre-storm conditions by RAMP’s pre-approved vendors in the shortest timeframe with the least amount of out-of-pocket expense. From deployment to the collection of the final payment, RAMP and its partners are there every step of the way. By preparing, responding, and managing each member is made whole again through RAMP’s recovery platforms.
program
BUILDING SCIENCE
- Updated digital floorplans
- Detailed dimension for RFPs
- 3D Model that can be used for site planning, erosion evaluation, etc.
- Like quality, and kind and year of roofing
- Full inventory of Mechanical systems including serial number and year
- SOV Statement of Value
- Cloud based Data storage of all documents
- Appraisal
- Data can be used for mandated 40 year
- Reserve study
DISASTER RESILIENCY
- ESG score
- Peace of mind
- Reporting platform
- Avoid litigation
- Minimize Exposure to Unethical Contracting
- Avoid wasting time and money on mitigation strategies that don’t work
RISK MITIGATION
- Understand true exposure
- Decrease response and recovery time
- Ensure adequate coverage
- Evaluate co-insurance penalty
- Access to vetted vendors
Your partner for underwriting documentation, disaster planning, and claims management.
