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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Allstate Corporation | NYSE:ALL | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-1.00 | -0.59% | 168.18 | 169.06 | 165.235 | 167.96 | 1,668,088 | 01:00:00 |
NORTHBROOK, Ill., Nov. 17, 2015 /PRNewswire/ -- By the time the turkeys, pumpkin pies and cranberries are devoured and the calendar flips from November to December, 75 percent of Americans will have already started checking items off their shopping lists, according to a new poll released today by Allstate. What many are not checking off, though, are simple steps to protect their homes – Allstate claims data shows many types of fire, theft and weather property claims increase during the holiday season.
The third annual Allstate Holiday Home Hazards poll revealed risky behaviors, such as leaving packages in the open, leaving doors unlocked, or falling asleep with the stove on, a candle lit or a fire still roaring. Despite 71 percent of adults acknowledging the increased risk of in-home incidents, just 37 percent take extra care to protect themselves. The poll also found many do not heed safety warnings while decorating the home – the dangers of which can be explored in a fun and safe way with Allstate's interactive online Holiday Decorator experience.
"Shopping season is in full swing, and it's easy to let holiday cheer cloud our better judgment when buying and handling our purchases," said Terri Dalenta, senior vice president of property products at Allstate. "Between gifts, decorations, big family meals, traveling and other activities, Americans can spend quite a bit of money during the holidays. Allstate's goal is to help customers and consumers protect what matters most and stay safe, happy and healthy while enjoying a hazard-free holiday season."
Presents of Mind
Despite 84 percent of adults planning to spend money on gifts this holiday season – including a quarter (27 percent) who say they expect to spend more than last year – many do not take the necessary precautions to keep their holiday purchases out of harm's way:
Curbing some of consumers' risky gifting behaviors may help put a damper on some of the most common holiday claims:
Insurance Policy Type |
Most Costly Claim i |
Median Cost of Claim i |
Increase During Holidays ii |
Burglary | |||
Homeowners |
$132,000 |
$3,258 |
11% |
Condo |
$18,494 |
$2,011 | |
Renters |
$102,000 |
$2,323 | |
Theft of Silverware/Flatware | |||
Homeowners |
$11,798 |
$2,500 |
23% |
Condo |
$7,171 |
$4,087 | |
Renters |
$7,805 |
$2,364 | |
Property Stolen from Vehicle | |||
Homeowners |
$80,000 |
$2,188 |
17% |
Condo |
$22,782 |
$886 | |
Renters |
$18,706 |
$1,745 |
Allstate suggests that you not let preventable mistakes in securing your presents cloud your holidays with a few simple tips:
Chestnuts, Open Fires and Dangerous Decor
Nearly half of Americans (46 percent) will spend money on decorations this holiday season, with 21 percent of those individuals expecting to spend more money than last year. Many people, however, admit safety is not always top of mind when it comes to decking their halls:
There's a distinct trend with decoration-related holiday home hazards: fire. Some of the most prevalent hazards, according to Allstate's claims data:
Insurance Policy Type |
Most Costly Claim i |
Median Cost of Claim i |
Increase During Holidays ii |
Fire Originated From Fireplace | |||
Homeowners |
$1,596,013 |
$10,324 |
196% |
Condo |
$154,761 |
$13,222 | |
Renters |
$34,798 |
$13,847 | |
Burning Candles Caused Fire | |||
Homeowners |
$349,536 |
$14,038 |
63% |
Condo |
$70,665 |
$4,241 | |
Renters |
$38,511 |
$2,447 | |
Electrical Fire | |||
Homeowners |
$1,059,926 |
$24,462 |
21% |
Condo |
$138,225 |
$6,304 | |
Renters |
$98,127 |
$15,010 | |
Smoke From Fireplace | |||
Homeowners |
$93,772 |
$11,262 |
191% |
Condo |
$19,197 |
$3,939 | |
Renters |
$32,782 |
$4,564 |
Using Allstate's Holiday Decorator to virtually hang your lights, garland and mistletoe is an interactive way to learn about keeping your home safe this season. Additionally, Allstate recommends a few easy ways to keep your holidays on track:
Table-stakes for "Tablescapes"
Cooking and entertaining are staples of the holiday season, and Americans are willing to splurge to create the perfect holiday spread – the poll revealed the most important consideration while shopping for that crowd-pleasing dinner is the quality of the ingredients. But as hungry families around the country wait for holiday hams to roast, 87 percent of cooks say they're multitasking – which can prove to be a recipe for disaster:
Most people are aware of the risks associated with cooking and hosting a get-together. Even so, there is still work to be done on the prevention front, as evidenced by the claims data:
Insurance Policy Type |
Most Costly Claim i |
Median Cost of Claim i |
Increase During Holidays ii |
Kitchen Fire (Non-Grease) | |||
Homeowners |
$953,714 |
$12,145 |
10% |
Condo |
$117,871 |
$6,561 | |
Renters |
$73,010 |
$4,609 | |
Wood or Coal Stove Fire | |||
Homeowners |
$760,432 |
$14,545 |
160% |
Condo |
N/A |
N/A | |
Renters |
$26,349 |
$13,584 | |
Smoke Damage From Kitchen | |||
Homeowners |
$87,761 |
$8,482 |
16% |
Condo |
$47,615 |
$6,562 | |
Renters |
$26,747 |
$3,834 | |
Fire Caused By Electrical Appliance | |||
Homeowners |
$483,507 |
$19,208 |
10% |
Condo |
$147,672 |
$4,455 | |
Renters |
$53,090 |
$7,198 |
Hosting the holidays can be stressful, but hosting hazards could be a game-ender. Allstate provides ways to be proactive this season:
Travel Trip-Ups
One of the priciest purchases for many this season will be holiday travel. Sixty percent of Americans plan to spend at least one night away from home this year, with four-in-10 (41 percent) travelers planning to spend more on travel than last year. The poll revealed some risky behaviors that could contribute to home losses while away:
The holidays are busy enough as is, but when travel is thrown in, things can get even more hectic. Allstate claims data reveals upticks from colder temperatures that could wreak more havoc:
Insurance Policy Type |
Most Costly Claim i |
Median Cost of Claim i |
Increase During Holidays ii |
Burst Pipes From Freezing | |||
Homeowners |
$1,004,968 |
$5,833 |
722% |
Condo |
$382,510 |
$4,445 | |
Renters |
$66,943 |
$2,596 | |
Damage From Ice Dam Build-up | |||
Homeowners |
$209,870 |
$1,832 |
23% |
Condo |
$13,071 |
$1,895 | |
Renters |
$34,582 |
$920 | |
Missing Property From Garage | |||
Homeowners |
$5,919 |
$1,848 |
51% |
Condo |
N/A |
N/A | |
Renters |
$2,684 |
$1,711 | |
Property Damage From Weight of Snow/Ice On Roof | |||
Homeowners |
$318,778 |
$1,886 |
64% |
Condo |
$6,743 |
$2,206 | |
Renters |
$15,609 |
$653 |
Allstate recommends taking extra precautions before you leave if you're enjoying the holidays away from home to help guard against these hazards:
"While some hazards are hard to predict, we often see jumps in certain claims during the holiday season," Allstate agency owner Frank Torres said. "Part of my job as a trusted advisor to Allstate customers is to help them protect against avoidable hazards, and during the holidays just a few simple steps can make a world of difference in keeping your home safe from harm."
See how holiday hazards can hit close to home and get more tips by visiting Allstate's Holiday Decorator, at www.allstate.com/holidaydecorator.
Survey Methodology
The survey of 1,001 American adults age 18+ was conducted Oct. 12 to Oct. 15 via an online survey using a sample reflective of the American population. The survey was conducted by FTI Consulting, Inc. (FTI) for Allstate.
The Allstate Corporation (NYSE: ALL) is the nation's largest publicly held personal lines insurer, protecting approximately 16 million households from life's uncertainties through auto, home, life and other insurance offered through its Allstate, Esurance, Encompass and Answer Financial brand names. Allstate is widely known through the slogan "You're In Good Hands With Allstate®." The Allstate brand's network of small businesses offers auto, home, life and retirement products and services to customers in the United States and Canada. In the 20 years since Allstate became a fully independent public company, The Allstate Foundation, Allstate, its employees and agency owners have donated more than $405 million to support local communities.
i Costs are the amount Allstate paid on the reported claims. Based on Allstate claims data during the holiday season versus non-holiday season over a three-year period, Nov. 15 to Jan. 15, 2012-2015.
ii Percentage increase in claims during the holiday season versus non-holiday season over a three-year period, Nov. 15 through Jan. 15, 2012-2015.
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/holiday-nesting-worth-investing-poll-reveals-americans-dont-prioritize-protecting-their-property-during-hectic-season-300179826.html
SOURCE Allstate Insurance Company
Copyright 2015 PR Newswire
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