facebook twitter instagram linkedin google youtube vimeo tumblr yelp rss email podcast phone blog search brokercheck brokercheck Play Pause
If Santa Fell Off the Roof, Would it be Covered?  Thumbnail

If Santa Fell Off the Roof, Would it be Covered?

The season isn’t complete until you’ve watched your favourite holiday movie? With the holiday season approaching, you may find yourself with some extra time on your hands to relax, unwind and enjoy some Christmas classics.

Let’s have a little fun this holiday season and imagine how an insurance company might handle a few Christmas movie mishaps.

National Lampoon’s Christmas Vacation

There are plenty of mishaps the Griswold family faces around the holidays, but there’s one particularly damaging instance that stands out - at least from an insurance perspective. The Griswold family (well, let’s face it, Clark mostly) is excited to bring home their oversized Christmas tree. And while it makes a beautiful addition to the living room, included is an unwelcomed guest.

A squirrel pops out unexpectedly from the tree on a quiet evening, causing the family to panic, the dog to go wild and chaos to ensue. Subsequently, the Griswold family home is left with some serious damages caused by the dog and squirrel alike. Would these damages be covered by their homeowners insurance policy?

The answer is - typically no. While every policy is different, most homeowners policies do not cover damage caused by rodents (yes, squirrels are rodents) or damage caused by pets including dogs and cats.

A Christmas Story

“You’ll shoot your eye out, kid!”

And towards the end of “A Christmas Story,” Ralphie nearly does. Luckily, Ralphie doesn’t require medical attention after discharging the Red Ryder BB gun. But he does end up breaking his glasses. Would a replacement pair be covered by insurance?

An individual insurance market or through an employer-sponsored plan may cover this.1 Pediatric vision benefits typically include annual eye exams, corrective lenses (glasses and/or contacts) and vision screening. Depending on the requirements and limits of Ralphie’s health insurance coverage, a replacement pair of glasses very well could be covered - but that doesn’t exempt him from a mouth full of red soap.

The Santa Clause

Nothing’s more traumatizing than seeing Santa fall off the roof - just ask Charlie and Scott Calvin. As most of us remember, this Christmas classic continues with Scott putting on Santa’s suit, growing a beard and a belly and, eventually, moving to the North Pole. While we can presume the original Santa… ahem, kicked the candy cane… for insurance purposes, let’s assume instead he was gravely injured.

How would Scott Calvin’s homeowners insurance handle an injury on his property? These policies include liability coverage, which will typically protect homeowners like Scott from bodily injury lawsuits - if, say, Mrs. Clause wanted to pursue legal action. It’s possible his homeowners policy includes no-fault medical coverage as well, which would help pay the medical bills of the injured party, if they were hurt on your property. 

The Grinch Who Stole Christmas

Instances of robbery and personal larceny increase by about 20 percent in the month of December.2 While it’s unclear whether or not that statistic includes data collected from Whoville, Cindy Lou Who and the rest of the village have plenty of reason to be wary this holiday season.

It’d be pretty remarkable if your household received a visit from the Grinch, but if a burglar does take the presents from under your tree - is the cost to replace them covered by insurance?

It’s likely that if property is stolen from your home (i.e. Christmas gifts from under the tree), your personal property coverage under your homeowners insurance will help cover the cost of replacing them. In this instance, you’ll want to have receipts showing the value of the item (hopefully, the Whos were organized). From there, your insurance company may send out a claims adjustor or use a formula to determine how much you will get back through your insurance claim.

From our family to yours, we hope you enjoyed reliving some cherished Christmas classics and their greatest mishaps. Here’s to wishing you a healthy, happy and Merry Christmas - and one free from squirrels and falling Santas!

  1. https://www.webmd.com/health-insurance/webmd-aca-kids-dental-and-vision#1
  2. https://www.hg.org/legal-articles/understanding-the-reality-of-holiday-related-crimes-49947
This content is developed from sources believed to be providing accurate information, and provided by Twenty Over Ten. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.
This material is intended for educational and informational purposes only. It is not intended to provide specific advice or recommendations for any individual. Additionally, you should consult with your Financial Advisor, Tax Advisor, or Attorney on your specific situation.  The views expressed in the material are that of the author and do not necessarily reflect those of any market, regulatory body, State or Federal Agency, or Association.  All efforts have been made to report or share true and accurate information.  However, the information may become materially outdated or otherwise rendered incorrect due to subsequent new research or other changes, without notice. The author nor the firm are able to always verify the content from third party sources. For additional information about the firm, please visit the MAS Website at https://www.mas.gov.sg/  and the SEC Website at www.adviserinfo.sec.gov. For a copy of the firm's ADV Part 2 Brochure, please contact us at info@avriowealth.com