Top Causes of Home Insurance Claims (and How to Avoid Them!)
For many of us, our homes are our most expensive asset. That’s why we protect our homes with insurance, preventing financial hardship in the event that our homes are damaged, stolen from, vandalized, or deemed the cause of an injury.
However, even the most comprehensive home insurance policies don’t cover everything. For that reason, homeowners need to be proactive about what they can help prevent.
What are the most common causes of home insurance claims, and what can homeowners do to protect themselves? Read on for the details.
4 Common Causes of Home Insurance Claims
While there are many different reasons homeowners may need to file an insurance claim, the majority of claims are caused by one or more of the following:
How can you protect yourself from these types of claims? While this is not an exhaustive list, these practical tips will certainly help.
How to prevent water damage; below are some highlights:
Proactively fix leaks or cracks in plumbing pipes or appliances.
Ensure the seal and caulking around tubs and showers are watertight.
Safeguard against burst pipes by winterizing your home and installing an emergency pressure release valve.
Clean gutters at least twice a year.
Disconnect hoses when not in use.
Shut off your water main when you’re going to be away from home for extended periods of time.
Check your water pressure to ensure it’s not too high.
Watch your water bill for spikes.
Activate a humidity/leak detection device (i.e. Roost).
Safeguard your home from burglary by:
Installing motion sensor lighting around your home.
Securing valuables in a home safe.
Investing in a home security system.
Keeping expensive items in the garage, away from public view.
Avoiding advertising any upcoming trips on public forums. While you’re away on vacation, work with your friends and neighbors to give your home a lived-in look, putting timers on lights and asking trusted friends to check in on your home periodically.
Avoiding hiding spare keys outside.
In order to protect your home from fire, be sure to:
Install smoke alarms on each level of your home.
Test smoke alarms every month.
Have your heating system serviced regularly.
Never leave burning candles unattended.
Prevent dryer fires by removing lint from the dryer filters after each use.
Avoid overloading electrical circuits.
Replace damaged or frayed electrical cords.
Store cooking oil far away from burners.
If using a grill, avoid fire hazards.
Falls on Property
You don’t want someone to fall or slip on your property. Perform a safety assessment of your home, checking for tripping hazards. Things to look out for include:
Loose floorboards, carpeting, or mats
Loose or missing handrails
Irregular or damaged steps
Cables or electrical cords blocking walkways
Uneven walking surfaces
How Can We Help?
On behalf of Gilmer's Home Improvements, we hope that you found these tips to be helpful. If you need help understanding your rights when dealing with a home insurance claim, please do not hesitate to reach out to us. We know the insurance industry and how to make sure you are made whole again.