Top Summer Insurance Claims
Summertime is here; it’s time to bring out the boats, ATVs, and BBQ grills. We’re ready for family, friends, and fun, but is your insurance coverage ready? Before planning your summer festivities, make sure to review these top 3 summer insurance claims and speak with your agent to revise your current coverage plans.
There’s nothing better than a family cookout and a night around the campfire with your friends, but this can quickly become dangerous. The U.S. fire department responds to an average of 10,600 home fires a year involving grills. To protect you and your family from a catastrophic fire, never leave your grill near flammables or leave it unattended. If you have a charcoal grill, make sure the embers are completely out. Check your personal property coverage should damage be caused by the fire.
Personal property coverage is exactly what it sounds like: your personal items like furniture, clothes, electronics, etc. This portion of coverage helps cover any damage done to your personal items by theft or fire. This coverage is found in homeowners, condo, and renters insurance policies. A standard policy will pay you for the actual cost value of the possessions destroyed. This means you will receive payment for the object on a depreciated basis. If you want to be fully insured, you can get a replacement-cost value policy, which pays you the cost to replace an object.
Summer travel plans and time with friends typically involves spending more time on the road. Summer is known as the “100 Deadliest Days.” Compared to other days of the year, the average number of deaths from crashes involving teen drivers ages 16-19 increased by 16 percent per day, according to AAA. To keep yourself safe, leave your muted phone in your purse or glove compartment so you aren’t distracted by incoming messages or texting while driving.
One thing every driver should review is their liability coverage. Liability coverage can help cover the cost of the other driver’s property and injuries if you’re found at fault in an accident. Bodily injury liability coverage applies to medical expenses of the other party, lost wages, and pain & suffering and it will cover legal fees if the other party files a lawsuit against you. Property damage liability coverage applies to property damaged in the accident. It also may cover the other party’s vehicle repair/replacement costs, as well as other property damages like fences, structures, etc.
There’s nothing better than a day on the water, but every time you get in the boat, you run the risk of a collision or a mechanical breakdown. According to the U.S. Coast Guard, recreational boating accidents caused $42 million in property damage and involved 626 deaths and 2,613 injuries in 2015. To avoid this, do a maintenance check on your boat, review boat safety rules, and get a rundown of your boat liability insurance.
Watercraft physical damage coverage can help pay to repair your boat after it’s damaged in an accident. Liability insurance provides coverage for damage you may cause to another’s boat or pier, but most importantly for injuries you may have caused to a water skier or passenger in another boat.
Watercraft bodily injury liability coverage can help to prevent you from paying out of pocket for medical bills and other costs, like loss of income, when someone is injured in a collision caused by your boat.
All of these claims can seem overwhelming, but after a quick brush up on safety tips and having a conversation with your insurance agent, you’re ready to take the summer by storm!