Does Homeowners Insurance Cover the Holidays?

Depending on the type of damage your property sustains. Homeowners' insurance plans cover certain dangers. The following coverage kinds are typically included in property insurance policies, though the incidents they cover will be based on your policy type.

Fires, break-ins, and visitor injuries—the damage kinds that occur most frequently over the Christmas season—are typically covered by conventional home insurance. However, it would help if you always double-check what your property insurance provider covers.

Frequently Made Holidaya Claims

In most circumstances, holiday-related accidents are covered by a typical homeowners policy. Review your homeowners' insurance to understand how you would be protected in the event of a claim if you want to make expensive purchases or have visitors. Typical holiday-related claim types include:

Theft: Your property insurance should pay the loss if thieves take items worth more than your homeowners' insurance deductible. However, pricey objects might not be adequately covered by personal property insurance. For instance, you might want to buy a separate jewelry policy or rider if you want to give your significant other pricey jewelry this Christmas season. In addition, if anything is stolen from your automobile, your property insurance will also pay for the loss. Typically, personal goods are not covered under your auto insurance. Your home insurance personal property coverage still applies to items stolen from your car.

Fun-filled gatherings make the holidays joyful, but they can also result in incidents that make you legally responsible for injuries or property damage. An unintentional bottle rocket may ignite your neighbor's yard, a raucous partygoer could fall down your stairs, or your tenacious dog could bite a caroler. Regarding personal liability insurance, the standard starting limit is $100,000, which can cover a lot of holiday catastrophes. However, check your insurance provider to see if you have enough liability coverage.

Fires: One of the most frequent holiday catastrophes is a house fire, particularly a kitchen fire. Therefore you should ensure that your housing coverage is adequate to rebuild your house.

The majority of typical homeowner insurance includes $500 in coverage for products bought with a credit card that has been stolen. Due to the popularity of online shopping around the holidays, credit card theft may be on the rise. According to Experian, 43% of respondents whose identities were stolen over the holiday season said it happened online.

Most homeowners do not need to update their insurance policies during the holiday season. You may need to discuss your liability or personal property coverage with your insurance agent if you want to purchase expensive gifts, host lavish parties, or decorate your home with pricey ornaments. Also, ask your agent about liquor liability coverage if you plan to serve alcohol.