- Halloween mischief leads to an increase in claims and property damage for homeowners.
- Homeowners should avoid fire and tripping hazards when putting up Halloween decorations.
- If you are hosting a haunted house, check with your homeowners insurance. You may need additional coverage.
- See Insider's guide to the best homeowners insurance companies.
Homeowners beware: As kids look forward to candy and dressing up as their favorite characters, you can look forward to Halloween tricks, not treats.
A representative from Travelers Insurance told Insider in an email that homeowners insurance claims and damage to property increase at Halloween, between October 30 and November 1 — known as "mischief night." Even if you do not experience theft , a slip and fall at your home can trigger liability claims .
Homeowners insurance protects your home, belongings, and offers liability coverage for injuries that happen on your property. There are three main components to homeowners insurance: dwelling coverage , personal property coverage , and personal liability coverage .
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Halloween-related crime increases homeowners insurance claims
Travelers noted a 26% increase in homeowners claims due to Halloween crime in 2018. The claims included:
- Theft on premises
- Mysterious disappearance
- Theft off premises
- Doors or windows broken or smashed
- Contents or packages stolen from the porch
Based on Travelers auto claims data from 2012-2018, "comprehensive auto claims increase by 13% during Halloween — specifically, vandalism-related auto claims increase by 40 percent during Halloween."
Homeowners insurance offers personal property coverage against theft . However, most homeowners insurance policies have limits for high-end electronics, fine art, cash , and special jewelry like wedding rings and family heirlooms. Due to an increase in Halloween-related crime, you might want to reach out to your agent to make sure you have sufficient coverage.
How to protect your home at Halloween
Although the coronavirus pandemic has sidelined plans for most trick-or-treaters, some people may still hosting Halloween parties or outdoor gatherings. Besides Halloween pranks and mischief, Halloween decorations can be a fire or trip hazard for guests.
If your home is damaged by fire , homeowners insurance repairs or rebuilds the structure under dwelling coverage . If your belongings are damaged, they are replaced under personal property coverage . Homeowners insurance offers personal liability coverage if someone is injured on your property.
Travelers recommends that homeowners practice these safety precautions before Halloween:
- Walk your property after dark and survey to minimize potential dangers.
- Clear walkways of any debris — fallen leaves, extension cords, stakes — that pose a tripping hazard.
- Make sure your front yard and walkways are well lit.
- For indoor decorations, make sure electrical outlets are not overloaded.
- Avoid fire starters like: open flames, candles (use battery-operated instead), dried flowers, cornstalks, and crepe paper. Also, do not put fabric over light bulbs, as it is a fire hazard.
- Do not nail or staple extension cords or electrical wires in a way that would damage it and potentially cause a fire.
If you are charging admission to your home — haunted house — you should check your homeowners insurance policy and talk to your homeowners insurance agent, as this may count as a business activity and not be covered under your regular policy if someone is injured. You may have to get additional coverage through an umbrella policy .
If you are concerned whether you have proper coverage against personal liability and theft , contact your homeowners insurance agent and discuss your coverage before Halloween.
If you're looking to switch your homeowners insurance provider , remember a cheap price doesn't mean good customer service. Focus on customer satisfaction rankings, like those from J.D. Power, and comparison shop. See Insider's guide to the best homeowners insurance companies .
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