10 Dec 3 Christmas Insurance Mishaps
It’s the most wonderful time of year, but it’s not free from insurance mishaps. Thankfully, homeowners insurance is there to keep your Christmas season jolly! Here are three claims that could commonly occur around this time of year.
Unfortunately, the Grinch isn’t entirely fictional. Roughly one in ten adults has experienced package theft. The rise of online shopping and use of delivery services makes this time of year a busy time for package thieves. Generally, gifts or packages stolen from your home are covered by your home insurance. Be sure to keep the receipts from your purchases to show your insurance agent. If you can remember to take pictures, do that as well. Keep your deductible in mind, though. A claim below your deductible would make filing an insurance claim not worthwhile.
Christmas Tree Fire
The National Fire Protection Association reports that about 0.12 percent of residential fires involve a Christmas tree. Its 2015 report found that from 2009 to 2013, Christmas trees were the first item ignited in an estimated average of 210 reported home structure fires per year. Thankfully, these types of fires are rare. However, that doesn’t mean the danger isn’t present. If your Christmas tree causes a fire in your home, then your home insurance will cover the loss if your home is damaged or destroyed. Home insurance will also cover smoke damage or any other property damage from a Christmas tree fire.
Your outdoor decorations could be easy targets for vandals. If someone breaks or steals your outdoor decorations, your home insurance would cover the losses. But just like the stolen gift, a busted reindeer or stolen snowman inflatable would have to be worth the cost of your insurance deductible before making a claim is worth it.