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How to Manage Risks at Home Hero image

How to Manage Risks at Home

Keeping things safe and sound at home is your responsibility. Knowing common risks and taking preventative action can help you protect your most valuable assets.

Know your risks and responsibilities

While you can’t always protect your property from unpredictable events, you can help reduce the costs associated with loss or damage. Your insurance representative is on your side and can help provide a policy and additional optional coverages to help protect you and your family from financial risk.

It’s important to be aware of the risks – or potential losses and other adverse events – that you may face as homeowner or tenant. When you proactively manage risk, you also help:

  • protect people from harm;

  • mitigate risk to your property;

  • safeguard your valuables;

  • protect the environment;

  • reduce your liabilities;

  • help to clearly define your specific insurance needs.

Create and maintain a home inventory list of your belongings. Use our home inventory spreadsheet to get started.

What to know about personal liability risks at home

Did you know you could be held liable if someone is injured on your property? Whether you own or rent your home, you can be held personally liable for bodily injury or property damage unintentionally caused to others. It’s important to take steps to help prevent or reduce the risk of possible injury on your property.

What to do if you suffer loss or damage

In the event that something goes wrong, knowing how to respond and file a home insurance claim can help you stay calm in stressful situations.

  • Know how to document loss or damage of your property.

  • Call your insurance representative when you have questions about your insurance coverage or when you need to file a claim. Your insurance representative is on your side and is able to assist.

Understand what to expect from the claims process and your insurance representative.