Simply *calling* to inquire about a possible claim on a loss before filing goes into the system, and even if the amount is less than the deductible, it will be counted against you and your policy costs can be adjusted up.This information came for a "loss prevention and mitigation" class I attended with one of the major insurance carriers for investment properties.

Can you expand on why and how to mitigate it?

This work would show streets, lots, water mitigation, and utilities easements. 

The attorney can help you in mitigating you business risks.

If the market is going down the lender will speed up the process to mitigate loss (sometimes).

I hope they find a solution that helps them recover their funds, or at least mitigate their losses.

I win the dummy award of the year but I need some help to see how I can mitigate my damage now that I'm in the bind I'm in.1) Bought a townhome, fixed it up and put a renter in it.

It's happened to me a couple times - now I know to look out for it some areas or just wholetail so I don't get involved in any rehab at all and mitigate the risk.

Also, my partner on the deal and the property manager both have had/currently have college rentals in this market and systems for managing them and mitigating the risks.As for value, they vary a bit (some are SFH, others triplexes or duplexes) but the market value of the portfolio is about $700, and we are going under contract for $490K.

I think the management company sent the letter to mitigate their liability if something happens.