VIEWS: 6 PAGES: 3 CATEGORY: Business & Economics POSTED ON: 7/21/2010
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INSIDE IREM INTERNATIONAL NEWS JaPan Shinya Uesaki, CPM® ChIna Zhou Shu, CPM® ChIlE Juan Carlos Latorre, ARM® IrEM IntErnatIonal MEMbErs rECoMMEnd stratEgIEs bEforE and aftEr dIsastErs Recently, devastating earthquakes in Chile and Haiti have heightened the awareness of emergency preparedness for property managers around the world. Based on their expe- riences, some of our international IREM Members shared their thoughts: Japan chile Japan is a very earthquake prone On February 29, 2010, a massive earth- country, so being prepared for natu- quake hit the cities of Concepción and ral disasters is essential to property Santiago, Chile. All the formal emer- management. First, property owners gency systems failed, so there was no should purchase earthquake insur- alarm issued for the later tsunamis that ance because fire insurance does not cover any damages demolished the remains of the villages. After a quake you caused by earthquakes. Earthquake insurance is the only should cut off gas and water, stop elevators, air condition- tax deductible insurance for residential and commercial ing, and check electrical wiring. It is important to do a buildings. Secondly, property owners should only buy thorough review of the whole building in order to declare properties that meet the appropriate seismic standards. it safe or evacuate it. Remember that tsunamis are not the Though most buildings in Japan are generally earthquake- only events to come after large quakes, but also hundreds resistant, some of them were built before 1981 and were of aftershocks, some of which can be similar in magnitude based upon old seismic standards. Finally, owners and to the initial quake. An immediate inspection should be managers need to periodically check the status of the performed, but further and detailed ones should be left property. Maintaining the property in good condition will to the experts. Your team, as well as all the workers at the prevent the property from any serious damages caused by building, should have access to all contacts, in case commu- any type of natural disaste
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