Latest Compass Adjusting News & Information



    HALLOWEEN FIRE SAFETY TIPS AND FACTS   News item posted on : Tuesday October 15th 2019

     

    Halloween is one of America’s favorite holidays.  It’s fun and exciting but we want to help keep your family and friends safe.

    According to fema.gov, “For each year from 2014 to 2016, an estimated 10,100 fires were reported to fire departments in the United States over a three-day period around Halloween and caused an estimated 20 deaths, 125 injuries and $102 million in property loss.”

    “The largest general property type category was outside fire (38 percent) followed by residential fires (32 percent). Residential Halloween fires, however, resulted in the most deaths (68 percent), injuries (79 percent) and property loss (51 percent).”

    Below are some fire safety tips courtesy of FEMA and NFPA:

    HALLOWEEN FIRE SAFETY TIPS

    Teach your children to stay away from open flames and keep open flames away from the reach of children and pets. This doesn’t just go for Halloween but for any time of year.

    In case of a fire, make sure you have your fire exit strategy and plan in place.

    Stay safe, have fun and Happy Halloween from your friends at Compass Adjusting Services!

    Find more Halloween fire data here: https://www.usfa.fema.gov/downloads/pdf/statistics/snapshot_halloween.pdf



    Expensify: An Easier Way to Track Expenses   News item posted on : Monday September 23rd 2019

    expensify – A PRODUCT THAT MAKES DOING EXPENSES SO MUCH EASIER

    expensify

    As an Independent Adjuster, you may find it difficult to keep up with your expenses. Whether you’re turning them into your firm or using it for tax purposes, it becomes tedious.

    “Work smarter, not harder” – at least in terms of doing your expenses…

    “Automatic Receipt Scanning

    Simply snap a photo of each receipt as soon as you make a purchase, then put away your phone. Patented SmartScan OCR automatically transcribes the receipt information and stores the receipt image forever. Yep, that’s right — forever.

    Separate Business & Pleasure

    You might feel like your job is your life, but the IRS doesn’t see it that way. Categorize expenses as business or personal to keep track of spend and ensure accurate Schedule C tax deductions.

    GPS Mileage Tracking

    Need to log miles in your nonstop day? Automatic GPS mileage tracking makes it easy to deduct miles spent on the road.

    Automatic Credit Card Import

    Sync your credit card to Expensify to keep track of what you spend on your business, even when you don’t have receipts.

    You can visit www.expensify.com or find Expensify in the APP store.



    Dorian Deployment Update   News item posted on : Friday August 30th 2019

    We are expecting to deploy a significant amount of adjusters so make sure to be prepared! Our managers have begun to make deployment calls and will continue to do so over the next couple of days.

     

    Seibels St Johns, Seibels Centauri, Seibels Gulfstream, Universal, and ICAT all have great fee schedules and are expecting a large amount of claims!

     

    As the storm continues to develop, we will have a better idea just how many adjusters we need, but in the meantime please make sure you are taking care of housekeeping items such as Xactimate, licensing, etc…

    We are excited to see y’all out there!

     

    Check below for an update from Mike’s Weather Page – Spaghetti Models for Hurricane Dorian!

    5pm NHC update and track: Still expected to be a major Hurricane nearing landfall at 130mph. Still uncertainty in the 4/5 day tracks. Still turn west coming and turn north after. Still timing of the turn is the big question. Can’t focus on any one particular model this far. They are possible thus the wider cone by the NHC. Not an easy forecast to nail down right now.

     

    www.spaghettimodels.com

    blog28

    Afternoon spaghetti models: Eventual turn west towards northern Bahamas and Florida. Eventual slowdown. Eventual turn northward. Big questions on this turn. It can change so much and who gets what. Thinking is getting clearer. Just need a little more time to tighten these models up. Florida impacts start Sunday it appears… landfall ranging from Sunday night to Monday. Huge rain event as this slows. Huge 130mph winds predicted by the NHC on approach.

    blog29

     



    Tropical Storm Dorian Standby List Update   News item posted on : Wednesday August 28th 2019

    Compass Adjusting Services has activated our field adjuster standby list for Tropical Storm Dorian.  Things should start taking shape over the course of the next few days.

    If you are available for field deployment and have a current Florida license, please go to our website and sign-up on our “Tropical Storm Dorian” standby list.

    Click to sign up: http://comtrack.compassadjusters.com/signup.aspx?id=110

    *If you have any questions, please email [email protected]*

    Here is an update from Mike’s Weather Page – Spaghetti Models:

    DORIAN BLOG

    Dorian is strengthening. Hurricane Warnings now for the Virgin Islands and surrounding areas. Major Hurricane on final approach to possibly Florida. Slight slowdown on final approach. Eventual curve back to the north coming. Possible crossover into the Gulf first. Dorian should get wider over the moist Atlantic. North of landfall gets the worst rains/surge. If crosses into the Gulf south of exit gets worst rains/surge. LOTS to watch the next couple days.  www.spaghettimodels.com

    dorian blog1

     

     



    The Peak Period of Hurricane Season is Here   News item posted on : Thursday August 15th 2019

    Hurricane season officially begins June 1st but it isn’t until mid-August to mid-October that we really start to experience the most active and dangerous time for “tropical cyclone activity”.

    "The number of tropical storm and hurricane days for the Atlantic Basin (the Atlantic Ocean, the Caribbean Sea, and the Gulf of Mexico) jumps markedly by mid-August. (NOAA)
    “The number of tropical storm and hurricane days for the Atlantic Basin (the Atlantic Ocean, the Caribbean Sea, and the Gulf of Mexico) jumps markedly by mid-August. (NOAA)

    Why? “The peak period begins so late in the summer due to the environment that the potential tropical cyclones encounter. Both dynamics (wind factors) and thermodynamics (temperature and moisture) play a role.”

    According to noaa.gov, “the statistical peak day of the hurricane season- the day you are most likely to find a tropical cyclone somewhere in the Atlantic Basin – is September 10.”

    It’s peak time, adjusters… make sure you have those licenses and you’re ready to be called out.

     

    Compass has major exposure in the following coastal states, these are the licenses you should have to prep for hurricane season with us:

    Texas

    Florida 

    Louisiana

    Mississippi

    Alabama

    Georgia

    South Carolina

    North Carolina

     

    You can visit the following sites for licenses:

    https://www.nipr.com/

    https://www.sircon.com/

     

    If you’d like to read more from this article, visit:

    https://www.noaa.gov/stories/peak-of-hurricane-season-why-now.



    mileME App: Logs Mileage – Helpful for Expense Reports and Tax Reimbursements   News item posted on : Wednesday July 31st 2019

    MileMe

    Why is mileME a useful app for adjusters? It is a tool that automatically logs your miles and is simple to generate a report. It is a great app that can be utilized for expense reports and tax reimbursements.

    How many months are you behind on your expense reports? How many business miles are you missing because you have no documentation?

    mileME makes the process of logging your miles so simple you can get the benefit of the full tax deduction or reimbursement. At the current IRS mileage rate of 56 cents per business mile driven that adds up to a lot of dollars in your pocket.

    If you drive 12,000 miles a year for business, that means over $6,500 in reimbursements or tax deductions. After only 110miles, mileME already pays for itself.

    mileME automatically logs all your trips. No buttons to push. That means you can get the full benefit of your tax deduction or expense reimbursement for every business mile you drive.

     

    Sign up now and get the first 30 days for free. After that, the service costs $5.99/month or $59.99/year. This gets you unlimited reports and all your trips will be stored in the cloud for 4 years, in case you need the data.

    This info is from the mileME website, if you’d like to learn more follow the link: https://www.mileme.com/.

    You can download mileME in the APP store.



    How to Buy Flood Insurance   News item posted on : Monday July 22nd 2019

    fema

    Every year more U.S. homes are damaged by flooding than any other type of natural disaster. Flooding can occur nearly everywhere – in high, moderate or low flood-risk areas. Standard homeowners insurance does not cover flooding. You can protect yourself from financial losses caused by flooding through the National Flood Insurance Program (NFIP), administered by FEMA. A federal disaster declaration does not have to be in place for flood insurance claims to be paid.

    Under the program, flood insurance is available in communities that have adopted and enforce regulations to reduce flood losses. More than 400 communities in Nebraska participate in NFIP, and there are more than 8,400 NFIP policyholders in the state. You can purchase a flood insurance policy if your community participates in NFIP, even if you don’t live in a high-risk flood zone, or Special Flood Hazard Area.

    How to buy: • You can buy flood insurance by contacting your insurance company or agent.• For an agent referral, call 800-427-4661 or visit fema.gov/national-flood-insurance-program.

    Coverage is available for residential and commercial buildings and the contents in them: • Up to $250,000 in building coverage and up to $100,000 in contents coverage for single to four family residential structures • Up to $500,000 in building coverage and up to $100,000 in contents coverage for five or more family residential structures  • Up to $500,000 in building coverage and up to $500,000 in contents coverage for businesses.

    For more information, visit FloodSmart.gov or call the NFIP helpdesk at 800-427-4661.