The holiday season is a time for celebration, but it also brings unique risks that often result in insurance claims. Knowing what to expect can help you prepare and avoid potential issues. Here are the most common types of holiday-related insurance claims.
Fire and Smoke Damage
Beautiful but potentially dangerous are holiday decorations, including candles, string lights, and fireplaces. While culinary mistakes in the kitchen can add to higher fire hazards over the season, electrical shorts in string lights or unattended candles can cause house fires. Usually covering fire damage, homeowners' insurance emphasizes prevention as vital. Check cooking appliances and decorations often for safety.
Theft and Burglary
Theft and claims for burglary usually increase around vacations. These events are common, whether they include break-ins aimed at high-value items or packages taken from porches. Although most homeowners' policies cover stolen goods, it's advisable to record and lock high-value things. Installing a home security system can also help deter thieves.
Slip-and-Fall Accidents
Icy walkways and crowded gatherings increase the likelihood of slip-and-fall accidents during the holidays. If a guest is injured on your property, your homeowners' liability coverage can help cover medical expenses and potential legal claims. Keep walkways clear of ice, snow, and debris to minimize risks.
Water Damage
A common problem in colder months is burst pipes are usually brought on by freezing conditions. Usually covering water damage, insurance coverage may also cover actions you made to prevent damage, such as insulating pipes or maintaining home heat.
Auto Accidents
Holiday travel and crowded roads cause an increase in car mishaps. Should an accident strike your car or another, comprehensive auto insurance can cover damages. Avoiding busy travel periods and practicing defensive driving help to lower your risk.
Claim Related to Pets
More guests in your house could cause pets to become stressed and act out, maybe resulting in property damage or injury. Although liability coverage in homeowners' policies usually covers pet-related events, it's advisable to keep an eye on your pets at get-togethers.
Be Prepared This Holiday Season
Understanding these common claims can help you take proactive steps to prevent them. Regularly review your insurance policies to ensure adequate coverage and consider additional protection for high-value items or unique risks during the holidays. With proper preparation, you can focus on enjoying a safe and joyous holiday season.