It's starting to look nearly the same as Christmas. Unfortunately, many of our favorite holiday endeavors come with risks. Consider the film National Lampoons Christmas Vacation. However, that is why we have insurance, for protection and peace of mind.
“Having the proper insurance will minimize the financial damage caused by most accidents,” says Ellsworth Buck, Vice President of Insurance.
Fires
Baking sweets, lighting candles and decorating Christmas trees are traditions we enjoy to herald the holidays. Unfortunately, they are also the biggest contributors to fires based on the National Fire Protection Association, costing millions annually in damage to property.
We would not suggest not taking part in those activities, only use caution. Standard home insurance policies cover damage due to fire.
“Make certain your policy limits are sufficient to pay for the full price of rebuilding your house and replacing your belongings at current prices,” says Ellsworth Buck, V . p . of Insurance.
Also, create a home inventory with photos and price estimates. This is easily carried out by most insurance provider apps.
Electrical hazards and accidents
Several media outlets are reporting families are decorating for that holidays sooner than ever, to counterbalance the gloom of 2021. While you take out ladders, staple guns, and electrical cords, bear in mind, the risk they pose. Electrical hazards are up 22% throughout the holidays with the median claim over $22,000.
The U.S. Fire Administration recommends the following. Make certain all outdoor decorations are properly anchored. Use lights and extension cords designated for outdoor use. Inspect your lights before putting them up. Get rid of any light strands with frayed or pinched wires. Also, don't overload outlets when designing your spectacular Christmas display.
Theft
There will always be grinches available who want to steal your holiday joy, if you take your stuff. COVID could change things for thieves this season. With increased people home, porch pirates will have fewer possibilities to go undetected on your part or perhaps your neighbors. And, hopefully the popularity of security alarm cameras will catch would be robbers in the process and lead them to walk away. Any stolen packages are handled by property insurance, condo insurance or renters insurance.
Keeping gifts in the car, is also a temptation for criminals. For those who have gifts inside your car be sure to keep your car locked. Also, store them out of sight. Parking in a lit area is really a deterrent to getting burgled. In case your belongings are obtained from your vehicle it's covered by your auto insurance.
Identity Theft
The holidays combined with COVID, are certain to increase shopping online. Many householders insurance plans offer identity theft coverage. If not, it can be included as an optional add-on. To prevent cyber theft, make use of a charge card instead of a debit card, shop with trusted online retailers and take a look at bank or credit card statement often, do not wait until after the holidays.
