It is getting to be that time of year where ghosts, werewolves and the Little Mermaid visits your front door. However, your homeowners insurance coverage could be scarier than any monster that visits that night. For example, if your house gets egged or Tinkerbell breaks her arm, will you be covered? Not all insurance policies cover these issues, and understanding your policy can help you to avoid an expensive tragedy.
Slips and Falls
Kids get excited during Halloween, and many of the little kids will run, trip and fall. Luckily, most homeowners insurance policies cover injury on your property with liability coverage. The standard level of coverage is $100,000 per occurrence, but the amount can be increased depending on the policy. Where is the Loophole? While your policy may cover negligence, they may not cover intentional injuries. For example, if Tinkerbell hurts Timmy the pirate, you may not be covered.
According to the US Fire Administration, 15,500 fires are caused each year from open-flamed jack-o-lanterns. Most policies cover holiday lighting and candles that started fires. Where is the Loophole? Some companies will not cover fires caused by negligence. If you want to have an ambitious flame display, check with your company to understand their terms of negligence.
Plan It Out!
Proper planning prevents accidents on Halloween. When looking at Halloween lights, watch for safety certifications on your decorative lighting. One safety certification comes from UL, also referred to as Underwriters Laboratories. Lighting your property reduces the chances that a kid will trip over something.
Halloween is a spectacular experience for parents and children, but it can become a financial nightmare for people with homeowners insurance. Understanding your policy ahead of time keeps the holiday enjoyable for everyone. Most insurance companies cover vandalism under standard policy, provided the repair costs exceed the deductible for vandalism. Those concerned with Halloween mischief should double-check their policy.
Call Pachuta Insurance Today @ 706-769-2262
Welcome to our blog! We hope you enjoy it.