Monthly Archives: January 2013

Be Proactive to Keep Your Pipes from Freezing

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Be Proactive to Keep Your Pipes from Freezing

As the temperature drops, pipes that are exposed to the cold are prone to freeze. This is especially true if they are located in unheated areas like basements, crawl spaces, attics and garages. Pipes that run along poorly insulated exterior walls can also be affected by the extremes in temperature.
The continued freezing and then thawing of these pipes can cause the metal to become weakened and break. Water damage caused by burst pipes can result in toxic mold. If the damage isn’t repaired correctly, or isn’t repaired soon enough, it can cause a build-up of mold inside the walls that can make a house uninhabitable. Keep in mind that your homeowner’s policy covers damage from burst pipes, but most likely not related damage from mold.
The best way to keep from being in this situation is to be proactive and prevent pipes from freezing:
� Install adequate insulation in outside walls that have pipes running along side them, under the floors above the basement, and above the attic ceiling.
� Disconnect the garden hose before the cold weather begins.
� Wrap exposed pipes with insulating sleeves.
� Seal foundation cracks in crawlspaces that could let cold air in that will cause pipes to freeze.
� Open the cabinet doors under your sinks during extreme cold weather to allow warm air to get in.
� Run a small trickle of water through cold and hot water faucets attached to pipes that could potentially freeze.
If you turn on a faucet and only a trickle of water comes out, the pipe is probably frozen. There are some things you can do to thaw the pipe safely. Here are some guidelines recommended by the American Red Cross:
� Keep the faucet open. As you treat the frozen pipe and the frozen area begins to melt, water will begin to flow through the frozen area. Running water through the pipe will help melt more ice in the pipe.
� Apply heat to the section of the pipe that is frozen by using either an electric heating pad that is wrapped around the pipe, an electric hair dryer, a portable electric space heater, or by wrapping the pipe in towels that have been soaked in hot water. Do not use a blowtorch, kerosene or propane heater, charcoal stove, or other open flame device. A blowtorch can make water in a frozen pipe boil and cause it to explode. Open flames present serious fire danger, as well as risk of exposure to carbon monoxide.
� Apply heat until full water pressure is restored. If you are unable to locate the frozen area, if the frozen area is inaccessible, or if you cannot thaw the frozen area, call a licensed plumber.
� Check all other faucets in your home to find out if you have additional frozen pipes. If one pipe freezes, others may too.

courtesy of
Robert H. Erdmann, ARM
Felton, Berlin & Erdmann Insurance Services, Inc.
100 Corporate Place
Peabody, MA 01960

How Did You Come Up With Your Business Name?

Recently I was mentioned as part of a blog post called: How Did You Come Up With Your Business Name? in the Hearpreneur

Re-branding to bring something extra
Back in 1984 when I formed Compass Capital it was the convention to use the names of the firm principals for professional service firms ( e.g. Dowe, Cheetum and How). Being sensitive to every penny of cost and seeing the law and accounting firms having to redo their letterheads several times a year, I wanted to avoid reprinting and a more generic name. I made up a list of possible names and so did an intended partner. The word “Compass” was on both of our lists so I went with Compass Capital. The partner did not go ahead with us and in retrospect I’ve always felt the name was not descriptive of what we do. It often seemed that the public thought we were either in the mortgage or venture capital business. In the late 90′s we added a tag line “Navigate the Nineties” knowing it was only good for a few years. Based on what we were hearing from our own clients (you are my trusted financial advisor…) we “re-branded” a bit by adding a new tag line “Your Trusted Financial Advisor” and had it registered as a service mark. Since adding the service mark we have over time dialed down the name Compass Capital and dialed up “Your Trusted Financial Advisor” as it really describes what we are.
Thanks to Timothy F. Shanahan, Compass Capital Corporation

see the full blog post at:

Your Trusted Financial Advisor 2013 Resolutions

Happy New Year for 2013 from Your Trusted Financial Advisors at Compass Capital Corporation!

What are your resolutions?

Susan Scheide– assistant to CEO

To live one day at a time—and one minute at a time if necessary

Tricia Welsh CFP

To stay healthy and active, and challenge myself with more outdoor pursuits.

Dave Morgan CFP

Lose weight and make a difference.

Omar Mian

SIMPLIFY, Appreciate the beauty around you, Be of service, Build, Work, Dream, Create & Be!

Walter Joly

Reminding myself every day that having rests on giving & not on getting.

Tim Shanahan- CEO

Listen better, empathize and have compassion


 Tom Licciardello- CFP

 Relish the current moment as it is only the present over which we can exert any control