The PIKE group Property Insurance Program (PIP) includes insurance policies brokered by Favor & Co. and underwritten by Lloyd’s of London. As part of its ongoing commitmen t to health and safety, RAF, Inc., which facilitates the PIP on behalf of PIKE, provides grants to fund the purchase and installation of automatic shutoff valves for locations participating in the PIP at no cost to the insured.
Automatic shutoff valves can help to limit losses by automatically shutting off the flow of water when a pipe bursts or an unusual amount of water usage is detected. An overview of the grant is available here.