What Are My Home’s Biggest Risks?

Do You Know Your Home’s Biggest Risks?

Family.  Happiness.  Relaxation.  Sanctuary.  Man Room.  All words that might come to mind when thinking about your home. Do You Know Your Home’s Biggest Risks?

The other thing that may also come to mind is the fact that your home is one of your biggest assets.  Anything that can happen to it can put your family under hardship. Do you truly know your home’s biggest risks?

By far the largest type insurance claim paid out is a fire claim for a homeowner; however, you are more likely to have a wind, hail, or theft claim. Fire claims are by far the most damaging financially and emotionally, and of all the ones we have handled, not one of the owners “saw it coming!”

Other types of losses that have high a frequency of homeowners claims are Theft, Lightening, Bodily Injury/Property Damage, and finally Medical Payments to others.  This is true on a National basis and even down to a local Lexington, SC basis.

Here are some Trusted Resources for Additional Information

  • ISO: A Leading Source of Information about property/casualty insurance risk. Most data in the industry is collected by ISO.  Click here to view their site.
  • III or Insurance Information Institute: Their Missiion is to improve the Public’s Understanding of Insurance.  Click here to view their specific page on homeowners information.

What about a Sharknado?  Good News!  A Homeowners Policy can cover that too! Check this out from Consumer Reports.

We cannot prevent a claim, but we can help you minimize them by sharing homeowners safety tips that we provide here in our blog posts or via social media, as well as providing a way to transfer that risk onto an insurance company. Let insurance handle your home while you handle everything else!

Contact us to help you review what you can do to minimize these frequent types of losses and to sleep peacefully at night knowing that if the worst should happen, you will be in good Financial Hands!