Common Causes of Homeowners Insurance Claims

Homeowners insurance may help reduce financial stress from accidents or damage to your home. Understanding the most common reasons for homeowners insurance claims can help you financially prepare for these risks.

Main Factors Behind Home Insurance Claims

Here are some of the frequent causes of home insurance claims and how to prepare for them:

• Weather-related damage—Illinois is no stranger to severe weather. Weather events like thunderstorms, hail and heavy snowfall are a leading cause of property damage. Common claims include:
• Hail damage to roofs and siding
• Wind damage from storms or tornadoes
• Water damage from heavy rain or melting snow

Taking preventive steps, such as maintaining your roof and clearing gutters, can help minimize these risks.

• Fire and smoke—Cooking accidents, electrical issues or heating equipment can cause fires. Even small fires can result in significant smoke damage throughout your home. Investing in smoke detectors and practicing fire safety can reduce your risk.
• Non-weather water damage—Not all water damage comes from storms. Burst pipes, leaking appliances and plumbing failures are common sources of claims. In Illinois, freezing winter temperatures can increase the risk of pipe bursts. Regular maintenance and insulating pipes can help prevent these incidents.
• Theft and vandalism—Unfortunately, break-ins and vandalism can happen anywhere. Homeowners often file claims for stolen property or damage caused by intruders. Installing security systems and good outdoor lighting can deter potential thieves.
• Liability claims—Accidents on your property can lead to liability claims. Homeowners insurance may help pay for third-party medical expenses and your legal costs if you’re found responsible.

How Express-Way Insurance & Tax Services Can Help

Our team is here to help Illinois homeowners understand their coverage options and reduce their risks. We can review your policy, explain what’s covered and offer tips to help you financially secure your home. Contact us today to get started.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.