There are many common myths about potential dangers in and around the home that can keep some homeowners up at night. However, the gap between myth and fact can make all the difference when it comes to reducing risk in your house. So what does the data tell us are the biggest risks to your home?
From leaking valves to house fires, Claim data reveals the facts about the most frequent causes of homeowners’ claims, as well as the costliest. The answers may surprise you. While some risks are common nuisances we are all too aware of, others can be catastrophic. To help keep your home, your valuables and your family safe, you will want to take steps to protect them.
Danger #1: Water Damage
Many people think of damage from hurricanes and heavy rains when they think of water damage. But according to Travelers Claim data from 2009-2016, more property losses resulted from non-weather water claims (20%) than weather-related water claims (11%)*. Non-weather water claims can involve plumbing-related losses, such as pipes, drains and valves, as well as appliance issues. Learn more about common causes of water damage and the steps that you can take to help prevent it.
Danger #2: Weather-Related Roof/Flashing Damage
Wind, hail and weather-related water damage accounted for more than half, or 51%, of all Travelers property loss claims between 2009-2016. Falling limbs and branches weighed down by snow and freezing rain can cause roof/flashing damage. It is a good idea to inspect trees on your property to help prevent damage caused by falling tree limbs. Learning how to identify and remove ice dams can also help you avoid costly damage in the winter months.
Danger #3: Frozen Pipe Damage
Frozen water pipes are considered a potential source for catastrophic property damage, and make the list of Travelers’ five costliest sources of homeowner claims. While a sub-item of weather-related water loss, it is so significant, it deserves special mention. The good news is you can take steps to help prevent your pipes from freezing by identifying pipes that are most at risk and taking steps before winter arrives to help insulate them. During the winter, you may consider using a smart thermostat to manage and monitor that your heat is set at a safe level to help avoid freezing, and to receive notifications if the temperature in your home drops unexpectedly.
Danger #4: Theft
Theft from the premises makes the list of top causes of property loss claims, accounting for 6% of losses. There are many steps that you can take to help make your home less attractive to thieves, including landscaping with theft prevention in mind, adding outdoor lighting and creating a plan to make your home appear occupied while you are away. There are a number of methods to monitor your home to help minimize the theft potential, including smart home alarm systems.
Danger #5: Fire
Although fires do not occur as often as other incidents around the home, the damage that they can cause puts fire at the top of the costliest types of claims, according to Claim data from 2009-2016. Fire and related damages accounted for 25% of claims as measured by costs paid out. Fires can start from cooking, overloading circuits, and improperly using a wood stove, among other causes. Learn more about the potential wood stove safety tips, and how to help protect your home.
Tropical Storm Joaquin has now been upgraded to a Category 1 Hurricane. Most models show a direct northerly route, with potential rains and winds affecting North Carolina and north sometime early next week. So far it's projected path is very unpredictable.
We are open for new business at this time. Please note there are no binding restrictions currently in place, but we expect them to begin receiving them very soon. The unpredictable nature of the storm will make carriers cautious.
If you need to bind coverage on new policies, you should do so asap, by clicking HERE
Low cost flood insurance is available for most Texas residents. The best rates are with the National Flood Insurance Program (NFIP). This is a program created by the federal government to provide affordable flood insurance.
Smoke Alarms: Many homes, especially older homes: may not have adequate smoke alarms in the basement. Make sure your home theater experience is a good one. Make careful decisions if you decide to build your own home theater.
You need to know right up front why you are getting the coverage you need. We all know the law requires insurance and that is not what I am talking about. What I mean is what is important and what means the most to you about your van.
But, it's just like having the opportunity to purchase Flood Insurance or hurricane insurance. It seems like an insurance company's trick to take more of your money that they will never have to give back. Terrorism insurance exists and you never know when you are going to need it. Ask the great people of New Orleans if they thought they would ever have needed hurricane insurance.
My husband decided to make our walk-in closet our "safe room." So we put our mattress in our closet (which just fits), along with our pillows, safe, water, non-perishable food, cell phones, computer (not that it will work once the power goes out), money, and of course all of our clothes and shoes. We hope that we won't have to stay in our "safe room" for more than six hours, but we're prepared for the long windy, rainy night. And if the power goes out for more than a day, then we'll have to evacuate; but for now, the news media has advised us to hunker down and shelter at home.
There are states that initially provide the insurance policies at a cheap rate because of the possibility of flooding in the area and the homeowner really has no choice because flooding is a tragedy that one cannot avoid.
Sue - We learned a lot about carbon emissions when we were doing our research. Carbon emission is the carbon dioxide we are putting into the air. That is called emitting carbon. To emit means to send out, release or give off. Like when we breathe, we emit carbon dioxide into the air. When we run our cars , we emit carbon dioxide. When we run our factories to make products, we emit carbon dioxide. When we burn anything we cause carbon dioxide to be emitted.
At times, rather then provide housing for ourselves, it would be so much easier and cost effective, if we could just find a hole in a huge tree to sleep in but then scavaging for food would be almost a fulltime job! So in conclusion, I guess our basic need for housing as humans isn't so bad after all.