Holidays are a time for good cheer, celebrations, and everything nice. However, we all know holidays can be particularly stressful, because let’s face it, holidays and disasters sometimes go hand in hand. From the potential fire hazard and the Christmas lights to boisterous party guests getting hurt; there is no telling what could go wrong.
Having an insurance plan to cover your home in case of any holiday mishaps is essential. The best insurance plan is one that will cover you in case of common holiday disasters.
Fortunately, most home insurance policies cover losses arising from holiday mishaps such as fire, theft, and injury to your guests.
Insurance is something you take out hoping you never need to use it. And when you do need it, the last thing you want is to find out you missed out on some details in the fine print.
Comprehensive cover, a great track record, and exemplary customer service are just some of the features you want from your home insurer. We have compiled a list of the best insurers and this is sure to take out some of the stress of your holiday season.
The 5 Best Homeowners Insurance For Holiday Disasters
1. Amica Mutual: Best Overall
Amica offers a comprehensive home insurance package that covers your home and the contents inside. In cases where you have damage to your property, Amica has added perks like trusted contractors that they can refer you to. You will also have plenty of opportunities for personalized discounts and cost-saving opportunities.
The base premium for Amica home insurance will vary depending on your location, cover options, and the kind of discounts you are eligible for.
- Offers discounts for alarms, new homes, and automated detection
- Option for added coverage for smart devices under the platinum coverage option
- Access to a contractor connection service
- Save up to 30% by bundling home insurance with other policies
- Dividend policies are only available in some state
2. State Farm: Best For Personalized Service
State Farm offers a comprehensive homeowner’s insurance policy that will cover a wide range of holiday disasters. Losses caused by fire, theft, windstorms, or freezing of your plumbing system are all covered. However, there are exclusions such as intentional property damage or injury.
State Farm has a great customer satisfaction rating and provides discounts on home security devices, fire sprinklers, claim-free history, and multiple policy discounts.
- Offers replacement cost on building and contents
- Covers plumbing and heating systems in case of freezing
- Variety of insurance products offered with bundling discounts
- Doesn’t cover sewage backup
3. Chubb: Best For High-Value Homes
If you want a home insurance cover that settles on a replacement basis, Chubb homeowners insurance is the ideal option. Chubb is designed for high-value homes and offers comprehensive coverage that comes with plenty of extras.
In cases of holiday disasters, Chubb has extra coverages to protect you in unexpected situations. They offer HomeScan, which can reveal leaks and faulty electrical connections before any damage occurs. Chubb home insurance will also cover your valuable articles, wine collection, and other collectibles.
- Extended replacement with full cash value settlement options
- Coverage for fine art, wines, and other high-value items
- Offer personal cyber risk insurance
- Online quotes are not available
4. Liberty Mutual: Best For New Homeowners
If you are a new homeowner, Liberty Mutual offers inflation protection and discounts for new and renovated homes. Your holiday disasters including any property damage or loss will also be covered by the comprehensive home insurance package.
The best thing about the Liberty Mutual homeowners insurance cover is that it comes with many optional upgrades that allow you to customize your cover to suit your specific needs. For instance, you can include jewelry and electronics upgrades.
- Offers inflation protection coverage
- Coverage includes sewer back-up
- Offers various discounts, including new home discount and insure-to-value discount
- Only offers actual cash value on building and contents unless upgraded
5. Erie Insurance: Best Coverage
The Erie Insurance homeowners cover ensures you will not be left out of pocket in a claim. This cover offers 100% guaranteed replacement and a host of bundling discounts that can be as high as 25% if you combine home, auto, and life insurance policies.
Erie Insurance also has a great customer satisfaction record, so you do not have to fret about your claims going unpaid.
- Offers guaranteed replacement cost
- Wide coverage including sewer and drain back-up coverage
- Personalized customer service
- Bundling discounts up to 25%
- Not available in all states
- Online quotes not available
Holiday Disasters: What Does Homeowners Insurance Cover
Now that you know some of the best insures for your home, it is important to understand which holiday disasters are covered under your home insurance policies. Like any other insurance policy, homeowners insurance has some exclusions that you need to be aware of.
Here are some of the holiday mishaps you can expect your homeowners insurance policy to cover.
Fire Related To Christmas Lights Or Christmas Tree
They may be pretty to look at, but your Christmas lights are a potential fire hazard. So is your Christmas tree. Fortunately, homeowners insurance covers fire in and around your home, so in case anything happens, your policy will cover any losses.
Your homeowners insurance will cover fire under different coverages. The dwelling coverage will pay for repairs to your home while the structures’ coverage will pay for repairs for structures such as fences, garages, or any other detached structures. Your personal property will be covered under the personal property coverage, which will pay to replace any lost or damaged personal items.
On the whole, a fire during Christmastime is the last thing you want and it’s important to take safety precautions to prevent a fire. However, in case there is a fire, a homeowners insurance cover will cover the cost of the damage.
One of the joys of the holidays is spending them with friends and loved ones. This, however, means that someone may get hurt or injured in your home. Maybe they trip on the slippery driveway, get bit by Fido the dog, or a similar mishap occurs.
These kinds of incidences are fairly common and, fortunately, your homeowners insurance does cover medical expenses in case a guest or a third party in your home gets injured.
However, there are limits to the medical coverage in your homeowners insurance. Intentional bodily harm or injury for instance are not covered. You can check with your insurer for clarifications on limits and exclusions attached to your medical coverage.
Thieves take advantage of the spending frenzy that is typical over the holidays. It is not uncommon for people to find their presents stolen. Your homeowners insurance will cover you for items stolen from your home or car within the limits of your policy. However, it’s important to find out from your insurer if they have limits on some luxury items so you know exactly what is and is not covered under your policy.
Take precautions to safeguard yourself to avoid falling prey to thieves. For instance, do not leave packages on your doorstep unattended or have gifts in plain view. In some cases, the value of the gifts may be lower than the deductible, so making a claim may not be feasible.
A burst water pipe or sewer backing up are holiday disasters you really do not want when you have a houseful of guests. However, pipes can freeze, thus increasing the chances of plumbing mishaps. Your homeowners insurance will cover accidental bursts. However, there are exclusions when the damage is caused by poor maintenance.
Some insurers will also cover sewer and drain back-ups, but this is not standard for all homeowners insurance covers. You will need to check whether your insurer offers this particular coverage. Since there are caveats to this kind of coverage, it’s always better to avoid this holiday disaster in the first place.
Keep a lookout for warning signs of frozen pipes, including frosted pipes or low water pressure. This will help you identify and fix the problem before it causes real damage.
The holidays are almost synonymous with online shopping. Unfortunately, this creates lots of opportunities for online fraudsters to steal your identity. Losses from this kind of theft can be in the thousands of dollars, so identity theft coverage is an important factor to consider, especially for avid online shoppers.
Some homeowners insurance policies will include an identity theft cover. However, in most cases, you will have to include this as an add-on to your coverage policy.
Holidays are the best time of year and with the right insurance, they can be relatively worry-free. The occasional holiday disaster does not have to ruin your best-laid plans if you have comprehensive insurance to cover the potential risks.
Just be sure to read the fine print so you can be aware of any limits or exclusions. Ultimately, the best insurance for your holiday disaster is one that meets your particular needs. Shop around until you get an insurer who will provide not just great coverage but also has a solid track record in terms of claim handling and customer service.