How Insurance Offers Protection During the Holidays

While the holidays tend to be joyous and festive, it’s important to protect you and your family from long-term consequences of unforeseen incidents during this time of the year. From cooking hazards and identity theft to burglaries or auto accidents, there are some seasonal risks that could cost you big. Thankfully, there are a number of different insurance policies that offer protection during the holidays.

At Doeren Mayhew Insurance Group, we specialize in customizing integrated personal insurance solutions. Our comprehensive offerings help deliver peace of mind while protecting your most important assets. We are committed to helping our clients meet their financial goals for the long-term with the right coverage. Learn how different types of insurance can help you prevent costly fallout from common claims this time of year.

Homeowners Insurance

Standard homeowners policies typically cover holiday-related claims related to theft, personal injury, and fires. If someone takes a fall and breaks something in the home while enjoying all the festivities, you would be legally liable for injuries or any property damage. Homeowners insurance provides that coverage under the personal liability policy, but it’s important to talk to your trusted advisor to better understand if you have enough coverage.

There also tends to be an uptick in thefts and burglaries during the holiday season, so be sure your appraisals are up-to-date, and that your policy coverage protects stolen jewelry, high-end electronics, and other valuables you own. Lastly, it’s important to promptly insure newly gifted items, as these tend to be forgotten after the holidays are over.

And, if you’re hosting even a small group this year, cooking can prove to be a dangerous undertaking — but insurance can help. According to the National Fire Protection, Thanksgiving and Christmas have historically been peak days for home cooking fires including a shocking 1,630 reported home fires in the U.S. alone in 2018.

Identity Theft Insurance

Whether you do your holiday shopping in person or online, you may be vulnerable to scammers and thieves. These criminals can easily steal your financial information and personal data before you have the chance to recognize fraudulent activity.

Protect yourself from the consequences of costly, inconvenient experience of identity theft by securing insurance. This type of coverage is typically added to your existing renters or homeowner insurance and helps to mitigate the costs and difficulties associated with fixing credit records, fighting fraudulent charges, and reinstating and monitoring your financial reputation.

Car Insurance

During the major winter holidays, a number of factors combine that make the roads more dangerous than usual. From driving while drunk or distracted, to those that are angry or lost, drivers tend to make mistakes that lead to alarmingly high accident and death rates during the holidays.

Auto insurance may help minimize the costs related to major injuries or death, including death benefit payouts and medical bill coverage. Car insurance can also cover any number of accidents that are more likely to occur during the holiday season. Additionally, if a new car is gifted, most policies offer a 30-day extension as a courtesy before the insurance policy needs to be updated to cover the new vehicle.

Umbrella Coverage

Get extra peace of mind by securing an extra cushion of insurance protection through umbrella coverage. Umbrella coverage kicks in after the limits of your auto or homeowners policies are exhausted, so you can ensure a line of defense against a host of costly claims. The additional coverage provided by umbrella insurance has particular benefits for people with extra risks, such as swimming pools, boats, dogs, and teenage drivers.

At Doeren Mayhew Insurance Group, we can help you enjoy the holidays without worrying about potential lawsuits or claims that could threaten your financial security. Contact us today to schedule a consultation with a trusted insurance agent to see how we can help you secure the right insurance that offers protection this time of year.