Archives for February 2017
Top Winter Insurance Claims (and How to Give Them the Cold Shoulder) By Joe Szabo, Scottsdale Real Estate Team
The most common (and costly) claims
As you might expect, weather plays a key role in many winter insurance claims. Frozen precipitation and frigid temperatures can attack a home inside and out. A 2014 analysis of claims data identified the five most prevalent weather-related claims:- Water leaks
- Wind damage
- Hail damage
- Frozen pipes
- Roof damage from ice and snow
- Frozen pipes: $18,000
- Hail damage: $10,000
- Tree collapse: $6,000
Prevent common perils
When it comes to things like wind damage and hail damage, homeowners often find themselves at the mercy of nature. But with due diligence and a little forethought, homeowners can improve their chances of avoiding some seasonal misfortunes.- Keep your roof in good repair. Clean your gutters regularly and replace worn shingles for increased protection against roof damage, which can lead to another common source of home insurance claims: water leaks. Without proper drainage, snow and melted ice have a tendency to seep down into ceilings and walls.
- Take a load off. In cases of heavy accumulation on your roof, waiting for ice or snow to melt may not seem like the safest way to go. If you need to clear your roof quickly, use a long-handled snow rake or hire a professional snow removal service.
- Protect your pipes. Frozen pipes can lead to expensive repair bills. To help keep the water flowing, set your thermostat at 68 degrees or above, and let faucets trickle overnight when temperatures dip below freezing. Water pipes on the outside of your home, including the garage, should be insulated.
- Tend to your trees. High winds, ice, and sleet can send branches — or worse, entire trees — crashing down. Always trim limbs that overhang or touch your house. Regular checkups by an arborist can help identify trees that may need serious pruning or even removal.