Learn how to protect your home and yourself from the 5 most common home insurance claims.
The following five types of losses make up 94 percent of all claims reported. Let’s learn more about them and find out how you can reduce your chance of claims by proactively safeguarding your home. Bonus: Your safety measures may even qualify you for lower home insurance premiums
A strong windstorm may knock a few shingles loose whereas tornado winds can impact an entire home. As with any loss, it’s smart to weigh the cost of the potential repair against your deductible.
Steps to Mitigate Wind & Hail Damages
If a pipe bursts in your home or an appliance leaks, shut off the water immediately. Doing so may save you hundreds on the cleanup and repairs.
Note: While standard home insurance may cover water damage from burst pipes, you need a flood insurance policy to address water damage from storm surges.
Steps to Mitigate Water Damage
Fire and lightning can cause widespread, expensive damage. That’s why it’s so important to reduce fire risk wherever possible.
Steps to Mitigate Fire Damage
When guests and visitors are hurt on your property, or if you cause their property damage, you can be held responsible for their expenses. If their injuries or damages are severe enough, you may have to draw on your home insurance liability coverage to foot the bill.
Steps to Mitigate Your Liability
Though you can’t control the actions of others, you can take steps to make your home less attractive for would-be thieves.
Steps to Mitigate Theft
Note: If you are considering higher-end security or safety upgrades to reduce your premiums, check with your insurer first to make sure it’s eligible for a discount.
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Kin Insurance Inc (Kin) is an independent insurance agency. Coverage varies by carrier. Coverage explanations and scenarios are hypothetical and not guarantees of coverage. A quote on the Kin website is not a binding agreement. Coverage may not be available in all states. Coverage terms and exclusions are governed by your insurance policy.