The U.S. Department of Justice estimates that over 2 million homes are violated by intruders every year. About one burglary takes place every 15 seconds and the average homeowner suffers a loss of $2000 in stolen goods or property damage. Unfortunately, material processions are not the only costs associated with a home break-in. By understanding what to expect in terms of costs of home burglary, both tangible and intangible, homeowners can better understand the importance of preventing a home burglary.
Homeowners insurance is an essential way to help replace the contents of your home in the event of a catastrophe. If your home is targeted by a home invasion, in order to gain access to the insurance coverage a deductible is required in most cases. Depending on your policy, you could be provided with the replacement value or the current depreciated value of the stolen items. Potentially, you may not be able to afford all of the belongings lost to the intruder. Often, intruders destroy property, not just steal items, resulting increased costs which may not completely be covered by insurance.
Replacements and Home Damage
The insurance company may not reimburse you for the full amount damage and cost of goods stolen or destroyed. Windows and doors are expensive replacement items and these expenses may not be completely fulfilled by your claim. The labor to replace these fixtures, along with new locks, increases the damage costs. A cleaning service is also needed if the home was left in disastrous conditions. Often, people have a hard time affording all of their stolen property and have to live without many of their old possessions. Also, many objects are not replaceable due to sentimental value.
Loss of Sentimental Items
Some important belongings to you may have no monetary value, but these are items that are often impossible to replace. An insurance agent can’t put a value on a sentimental item besides its monetary worth. Personal photos, family jewelry, computer files and artwork are examples of priceless sentimental items.
The amount of time lost from work is an expense in itself. Homeowners often take time off of work to clean and repair their home, or are required to provide access to professionals who are taking care of the cleanup. Additionally, there’s a chance you’ll be required to attend court and insurance meetings. According to this article on the costs of home burglaries, the average victim spends over 30 hours on the phone with insurance claims.
In some instances, a lawyer is necessary to settle the financials of your home break in. Insurance companies won’t always be willing to provide you with the full settlement that is necessary to fix the home and in order to solve this issue, legal fees and court time are often a result of a home intrusion.
A home invasion is one of the most stressful events that can take place. Feeling unsafe in your home and surroundings adds is an emotional tax that impacts many homeowners. The event of putting your home back together is stressful in itself. Adding in the monetary value and time away from work places additional stressors on the homeowner, an intangible and emotional cost of a home break-in.
There is no price on the feeling of being violated; the cost is immeasurable. When someone forces their way into your home and into your life unexpectedly, the outcome is unsettling. Some people recover easier than others, but there is no amount of monetary replacement to remedy the feeling of violation.
Medical Bills and Emotional Trauma
In some cases, a victim can be physically injured by the intruder leading to medical costs and emotional trauma. The extent of this trauma all depends on your unique situation and emotional coping ability. There are many different psychological affects that a home invasion can have on any adult and more specifically children. It is recommended that anyone who has a particularly hard struggle engage in therapy or group classes. Some psychological effects include:
– Feeling guilty for having been the victim of a crime, and not doing more to prevent it
– A loss of faith in society, for allowing this crime to occur
– Feelings of mistrust, isolation and fear
– Depression, anxiety, panic attacks, and sleeplessness
– PTSD-like symptoms and flashbacks, which can be triggered by random events
The best way to cope with these hidden costs, is to avoid them to the best of your ability. Preventive measures, such as a home security system is one deterrent used to protect homeowners. Hawk Security it here to help with your Texas home security needs.