Halloween Hazards: Protect Your Home and Wallet from Seasonal Risks
As the spookiest night of the year approaches, homeowners should beware of the lurking dangers that can lead to costly insurance claims. According to Travelers Insurance, Halloween sees a 14% surge in homeowners insurance claims, with theft on premises claims jumping a staggering 46%. Trips, falls, thefts, fire, and pet-related accidents are just a few of the perils that can turn your All Hallows’ Eve into a financial nightmare.
Fire and Liability: The Scariest Risks of All
The holiday season brings increased foot traffic to your home, amplifying the risks of fire and liability. The average homeowners loss caused by fire and lightning is a whopping $83,991, while bodily injury and property damage liability claims average $31,690. These costs can significantly impact your policy premiums, especially if you’ve made multiple claims in a year.
Three Essential Steps to Avoid Hazards
To minimize the dangers and avoid costly claims, follow these three crucial steps:
1. Clear and Illuminate Pathways
Ensure your pathways and entrances are clear of obstacles, well-lit, and safe for visitors. This is especially important on Halloween night when visibility can be poor.
2. Be Mindful of Celebration-Related Risks
Hosting a house party with alcohol involved? Be aware of the liability risks associated with injuries or property damage caused by inebriated guests. Consider limiting alcohol and encouraging guests to use rideshares.
3. Prevent Fires and Theft
Holiday decorations, candles, and cooking can all lead to fires if left unattended. Opt for LED lights, battery-powered candles, and take precautions when cooking. Additionally, secure your packages and consider installing smart home cameras or doorbells to deter theft.
By taking these proactive steps, you can protect your home, wallet, and loved ones from the seasonal risks that come with Halloween and the holiday season.
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