Insurers brace for a spike in Halloween insurance claims

Halloween insurance claims - Jack-O-Lantern

This holiday has become one of the traditions leading to a spectrum of filings on many policy types. Halloween insurance claims have been climbing with each passing year. Despite the impact of the pandemic, it is still expected to cause filings to rise. Insurers are getting ready to receive the calls for vandalism, theft, and crashes. On this holiday in 2016 through 2019, Statista data showed that 70 percent of Americans intended to take part in celebrations on this day. The COVID-19 pandemic is holding back the celebrations, but 58…

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Preparing for Halloween insurance claims with prevention and coverage

Halloween Insurance Claims - Jack-o-lantern

Home and vehicle owners should be prepared for accidental damage and mischief makers. Halloween insurance claims can be tricky for homeowners and car owners who didn’t prepare in advance. That said, there are certain things that consumers can do to make this evening more of a treat. Though most tricks are just a nuisance, things can sometimes go too far – on purpose or accidentally. When ghosts, goblins and vampires are out trick-or-treating on Halloween, they can get overly excited and what was meant to be a small prank –…

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Halloween insurance claims always rise, often more than any other day

Halloween insurance claims - Jack-O-Lantern

As much as trick-or-treating may be fun, it can also lead to some of the costliest claims to insurers. Insurers are gearing up for another holiday of Halloween insurance claims, as is the case every year. As fun as this day may be for kids of all ages, homeowners and car owners often face some of their worst outcomes. Data shows that home and auto theft and vandalism claims are consistently high on Halloween. Therefore, insurers always encourage homeowners and car owners to review their policies before Halloween insurance claims…

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Insurance claims from Halloween vandalism are getting bigger

halloween homeowners insurance claims

Statistics have been revealing that claims from damage on that day are adding up to millions of dollars. Despite the fact that Halloween is usually celebrated through fun and costumes, the rising number of insurance claims being filed every year have shown that it is also a time that a smaller number of people decide to take part in vandalism. This, according to the statistics that were released by the Property Casualty Insurers Association of America. Statistics have revealed that there are more insurance claims for vandalized property filed following…

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Homeowners insurance claims rise following Mischief Week in the U.K.

Vandalism Homeowners Insurance Claims

Estimates are saying that over five million houses have already been damaged. The most recent estimates are saying that more than five million houses in the United Kingdom have experienced damage this week, leading to another round of homeowners insurance claims related to “Mischief Week”, which includes Bonfire Night and Halloween. Predictions are suggesting that this will lead to about £1.4 billion in repair costs. This means that each affected property will receive an average of £273. The most common cause behind these damages is thrown eggs. However, 1.5 million…

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