5 Possible Reasons for Homeowner’s Insurance Cancellations
And what you can do about them
At Galezano insurance, our job is to help you get the most coverage for the lowest cost. Often, clients find their costs going up unpredictably in a few specific areas. Below are some of these. We line out why they’re likely to raise your rates and show you what you can do to prevent getting cancelled.
Trampolines: According to the American Academy of Pediatrics, trampoline injuries have gone up by 4% from 2008 to 2017. The increased use of indoor trampoline recreational parks is being blamed for this. These parks have become popular places for families to host birthday parties for children, and they’re often used for recreation. How do children get hurt? Guidelines that recommend only one child per trampoline at a time are often ignored. Many homes also have trampolines in their backyards. While these can be sources of endless fun and laughter, they can also pose an injury risk for the same reasons trampoline parks do. According to the US Consumer Product Safety Commission (CPSC), more than 100,000 emergency room injuries were caused by trampolines in 2014.
Skate ramps: Skateboarding is known as a high-injury sport. Why? It’s common for participants not to wear protective gear, and ramps increase the likelihood of getting injured. Skateboarders are often airborne, and may not always land as gracefully as they hoped. It’s also common that skateboarders practice on ramps in residential streets, making collisions with moving cars more common. The National Safety Council reports over 98,000 skateboarding injuries were treated in emergency rooms in 2017 alone.
Drones: They may appear to be flying toys, but drones are considered aircraft and are required to be registered with the FAA. Depending on the purpose of the drone and the type you own, coverage amounts may vary. Though you aren’t required to insure your personal drone, it’s a good idea to do so. Owning a drone raises your risk of liability and damage to property. Drones often slam into roofs, neighboring homes and vehicles, as well as commercial property. The rise of personally owned drones has also increased incidences of drones injuring humans by crashing into them.
Dogs: Certain breeds are considered by carriers as more high risk than others. If you’re thinking to adopt a new pet soon, check out our post on dogs and insurance rates.
Aging roofs: Once your roof turns 20 years old, most (not all) carriers will require proof of a new permit showing you have replaced your roof. Insurance companies don’t provide the permit. They are available online in county records or a homeowner would need to provide proof of a permit. Certain types of roofs, such as metal or tile are different, and can last longer than typical home roofs. Are you unsure if your roof meets insurance eligibility requirements? Contact us.
Looking at purchasing a trampoline, skate ramp, drone or a new roof? Galezano Insurance will answer all of your questions. We can help protect you from liability and guide you in making the best decisions for your family and your safety.
Call us today to find out more.