Protecting Your Holiday Season: Understanding Insurance Risks
The holiday season is a time of joy, celebration, and togetherness. It's a time when homes and businesses get adorned with festive decorations, and families gather to create lasting memories. However, amidst all the merriment, potential risks can threaten the safety and security of your home and family. To enjoy a worry-free holiday season, it's helpful to be aware of these common insurance risks:
Porch Pirate Theft
Last year, nearly 79% of Americans had a package stolen during the holiday season. Online shopping and doorstep deliveries are convenient, but they also make your packages vulnerable to theft by "porch pirates." These thieves target unattended packages left on your doorstep. In such cases, homeowners' or renters' insurance may help cover the loss. Installing porch cameras can help provide proof of theft when filing a police report and an insurance claim. Still, either way, now is the time to contact your insurance agent to confirm you’re protected in the case of porch piracy.
Fires from Trees, Candles, and Other Decorations
Nearly half of all holiday decoration fires start when decorations are placed too close to a heat source. Festive decorations, especially Christmas trees and candles, can pose a serious fire hazard. Ensure you follow safety guidelines for decorating and always have a fire extinguisher nearby. In case of fire damage, your homeowners' insurance may provide coverage, but again, it’s best to check and make sure. This season, consider replacing candles with battery-operated versions that look and smell realistic. If you opt for a real Christmas tree, check its water level daily. Also, keep both live and fake trees away from heat sources.
Home Burglary
The holiday season often sees an increase in home burglaries. Criminals may target homes with expensive gifts visible through windows. Having a home security system and comprehensive home insurance can help protect your property in case of a break-in. And, while theft can always happen, don’t make it easy on the criminal. Never keep keys to the house “hidden” outside in obvious places such as under doormats. Be sure to check that all windows and doors are secured and locked at all times. Keep gifts out of sight of windows and doors too.
Credit Card Theft
Increased shopping activity also raises the risk of credit card theft and fraud. A tip to help protect your credit cards and identity is to use only one form of payment throughout the holiday season and avoid carrying multiple cards. This makes it easier to check your balance and statement frequently. It also makes it easier to notice if you have charges on your account that aren’t yours. Monitor your statements regularly, report any suspicious activity, and consider identity theft insurance for added protection.
Identity Theft
Identity theft is a year-round concern that is often more prevalent during the holiday season. This season, make a plan to help protect your identity when this crime is at its peak. Protect your passwords and change them frequently. Only shop from online retailers you are familiar with, and avoid links from social media sites to retail stores. Instead, go to your browser and type it in directly. Here are other tips that can help protect your identity this season. Remember, be cautious with your personal information, and consider identity theft insurance for added peace of mind.
Personal Injuries
According to the Consumer Product Safety Commission, approximately 160 decorating-related injuries occur each day in the U.S. during the holiday season. Almost half of those accidents involve falls that can lead to broken bones, concussions, and pulled muscles. Holiday decorating and gatherings can lead to accidental injuries, from slips and falls to burns from cooking mishaps. Make sure your liability insurance is up to date to cover medical expenses and potential legal claims.
Property Damage
Decorations, holiday lights, and parties can result in property damage. But do you know what your insurance will cover based upon the damage and circumstances? Bursting pipes caused by cold temperatures or backed-up pipes can cause a leak. This is one of many issues that can cause homeowners and renters additional grief around the holidays. Ensure your homeowners', renters, or business insurance covers accidental damage, and take precautions to prevent mishaps.
To minimize insurance risks during the holidays, follow these safety tips:
- Secure your home with an alarm system and motion-activated lighting.
- Keep your gifts and valuables out of sight from potential burglars.
- Use fire-resistant decorations and never leave candles unattended.
- Shred sensitive documents and protect personal information.
- Double-check your insurance policies to ensure they provide adequate coverage.
Give our team a call to review and update your policies as needed to address these holiday-specific risks. With the right insurance coverage and preventative measures, you can enjoy a safe and secure holiday season with your loved ones.
Remember, the best gift you can give yourself and your family is the peace of mind that comes from knowing you're Protected by Perkins during the holidays. Wishing you a safe and joyful holiday season!
