July is finally here which means warm weather and fireworks–a fun, yet rather dangerous combination. Insurance companies always see an uptick in fire-related claims around the fourth of July and it’s not very difficult to figure out why.
According to the Insurance Journal, eight people died in the United States due to a fireworks-related mishap during 2017. An astounding 12,900 people ended up in the emergency room due to a fireworks-related injury during that same time period. In fact, the Consumer Product Safety Commission (CPSC) has been receiving an average of seven fireworks-related death reports a year since 2002.
While fireworks are undoubtedly fun, they risk they pose is very real, and contrary to popular belief is not tied to one particular type of firework product. In fact, 14 percent of the estimated injuries during the 2017 fourth of July period were caused by sparklers. Reloadable shell devices accounted for 12 percent during that time period, and 10 percent were directly tied to the classic firecracker.
Another major contributing factor for an increasing number of fireworks-related claims is the simple fact that firework sales are continuing to grow. According to the Insurance Journal the American Pyrotechnics Association (APA) estimates that American consumers spent $60 million more on fireworks in 2017 than they did in 2016. They expect that number to grow even more during the 2018 season.
July Fourth is always a fun time, but it’s important to enjoy the holiday responsibly. If you are going to partake in some fireworks-related adventures be sure to take the proper precautions, and adhere to the laws surrounding fireworks usage in your area.
It’s also probably a good idea to make sure you have an updated homeowners insurance policy before you set off any kind of fireworks on your property. If you want to inquire about your policy or learn about getting a new one we encourage you to reach out to the staff at TGS Insurance.