The Money Coach
  • About
    • Meet Lynnette
    • Media Kit
  • Contact
  • Subscribe
  • QR Code
  • Books
  • Categories
  • Coaching
  • Hire Lynnette
  • Money Coach University™
  • The Money Coach Recommends™
No Result
View All Result
The Money Coach
  • About
    • Meet Lynnette
    • Media Kit
  • Contact
  • Subscribe
  • QR Code
No Result
View All Result
The Money Coach
No Result
View All Result

Holiday Hazards That Can Harm Your Health and Finances

Lynnette Khalfani-Cox, The Money Coach by Lynnette Khalfani-Cox, The Money Coach
in Insurance
Reading Time: 2 mins read
Share on FacebookShare on TwitterShare on LinkedIn

During the holiday season, most of us are focused on family celebrations, shopping or taking part in social gatherings.

But a new report from insuranceQuotes.com highlights the numerous dangers lurking during the holidays – hazards that could damage your finances or physical health.

For starters, some 23 million Americans have had packages stolen from their homes before they could open them, according to the report.

Apparently, crooks are spying on people’s mail deliveries – taking advantage of those who either shop online or receive gifts via mail.

But before the rightful owners of the merchandise can open their goods, thieves steal the packages from doorsteps all across the country.

This massive theft problem no doubt causes huge financial losses for many buyers nationwide. Even if stores agree to re-ship merchandise as a goodwill gesture, this scenario almost certainly still creates a lot of disappointment, stress or frustration as people try to resolve the issue with retailers, banks and delivery services.

Dangers Outside and Within Your Home

Unfortunately, it’s not just problems outside your home that you need to be concerned about during the holidays. Be careful of potential dangers inside – and on the road too.

According to insuranceQuotes.com:

  • 16 million Americans have experienced a house fire due to a fryer or cooking
  • 7 million Americans have had a guest injured in their home
  • 2 million have had fires caused by Christmas trees and other decorations

Furthermore, winter weather – not to mention Americans’ tendency to make merry (i.e. drink too much) – can also put you at risk for additional potential hazards:

The data from insuranceQuotes.com show that:

  • 52 million Americans have had a car accident because of snow, ice or rain
  • 30 million have gotten into an accident due to heavy traffic
  • 5 million have been in an accident because they drank alcohol before driving

Avoiding Personal and Financial Disasters

The lesson here is two-fold:

For starters, take extra care and vigilance to ensure that unexpected emergencies don’t threaten your physical or financial health, or the well being of those you love.

Even though we’re all extra busy amid the holidays, try not to mindlessly rush about, especially while driving. The study showed, for instance, that 21 million people have had car accidents because they were speeding. These are largely preventable accidents.

Additionally, double-check your insurance coverage. Now is a good time of year to make sure that your home or apartment, property and other valuables are adequately insured. It’s wise to assess your life insurance coverage as well.

Homeowner’s and renter’s insurance policies often cover many accidents and mishaps that take place in your residence. But those policies usually have a cap in terms of coverage.

So it’s a smart idea to also buy extra liability coverage, better known as umbrella insurance.

“The holidays are a great time, but all the commotion and celebrating can sometimes cause people to be too relaxed,” says insuranceQuotes.com’s senior analyst, Laura Adams.

“No one is thinking of a broken leg or a house fire as they’re sipping eggnog and socializing with family,” Adams adds. “But these things do happen, and it is better to be prepared than to let it ruin your whole holiday.”

Previous Post

5 Tips for Buying a New Car

Next Post

6 Reasons You Are Not Cut Out To Be An Entrepreneur

Related Articles

Teen Driver Auto Insurance Rates

Adding a Teen Driver? Prepare for Car Insurance Sticker Shock

by Lynnette Khalfani-Cox, The Money Coach

We’d always heard that teen drivers cause car insurance costs to surge dramatically, but this was a doozy – right amid a time of raging inflation and higher prices for everything else too.

COVID-19: How to Get Your Auto Insurance Rate Reduced

by Lynnette Khalfani-Cox, The Money Coach

In this video Lynnette explains why you should expect a credit or rebate off of your auto insurance rate of up to 30% during the COVID-19 pandemic.

lynnette khalfani cox and earl cox

Why You May Need Travelers Insurance

by Lynnette Khalfani-Cox, The Money Coach

On a recent flight to Florida, where my family planned to set out on a 7-night Caribbean cruise, the airline we took lost my luggage. Well, “lost” isn’t technically the right word. They accidentally neglected to put my bag on my flight for some reason – even though we’d checked in nearly two hours ahead of our scheduled 6pm departure,...

auto insurance

3 Ways To Get the Best Price on Auto Insurance

by Lynnette Khalfani-Cox, The Money Coach

If you’re driving an automobile, or are about to purchase a new or used vehicle, it’s smart to make sure you have the proper amount of auto insurance at the best price available. Unfortunately, many people are paying far too much for auto insurance, simply because they’ve not taken the time to educate themselves or to shop around for the...

5 Tips To Make Health Care Costs Affordable Amid ObamaCare

by Lynnette Khalfani-Cox, The Money Coach

For some people, good health insurance coverage can offset some, if not all, of their health care costs. But if you find that you can’t afford to pay your deductible – or if you don’t have any insurance coverage at all – you’ll need a plan to manage your health care costs without driving yourself into debt. According to Census...

insurance

Here’s Why Having Insurance Is More Important Than You Think

by Lynnette Khalfani-Cox, The Money Coach

Among all the things on your financial checklist, of all the financial planning topics that you know you need to tackle, insurance is probably one of the least favored and least likely to get done. Let’s face it. Insurance just isn’t a very sexy, financial topic. Most people don’t want to think about their need for insurance because it makes them ponder...

Load More

All information on this blog is for educational purposes only. Lynnette Khalfani-Cox, The Money Coach, is not a certified financial planner, registered investment adviser, or attorney. If you need specialty financial, investment or legal advice, please consult the appropriate professional. Advertising Disclosure: This site may accept advertising, affiliate payments or other forms of compensation from companies mentioned in articles. This compensation may impact how and where products and companies appear on this site. AskTheMoneyCoach™ and Lynnette Khalfani-Cox, The Money Coach® are trademarks of TheMoneyCoach.net, LLC.

©2009-2023 TheMoneyCoach.net, LLC. All Rights Reserved.

RSS / Sitemap / Privacy Policy / LynnetteKhalfaniCox.com

No Result
View All Result
  • Books
  • Categories
  • Contact Lynnette
  • Get Coaching
  • Hire Lynnette
  • Money Coach University™
  • The Money Coach Recommends™
  • Home
  • Subscribe to Newsletter
  • QR Code

©2009-2021 TheMoneyCoach.net, LLC. All Rights Reserved.