Everyone knows that if you host a party that there’s a chance that something could go wrong and someone bumps in to the television and sends the 700 HD wonder on a one way trip to the cold hard floor, or someone could have had one too many drinks and spills red wine all over your carpet. These are just a few mishaps that could happen but hopefully it won’t spoil you, your family and your friends enjoying yourself because you have home insurance.
Home Insurance would cover instances like this and mean that you wouldn’t need to break down in tears as you try and piece together that TV that lies in pieces on the living room floor. The thing is that this issue is becoming more and more prevalent over the past few years as children host parties whilst their parents are away, these parties often involve mass invites being sent out over popular networking sites like Myspace and Facebook.
Kids being kids will obviously not plan for the amount of people turning up and in some cases people’s houses end up getting trashed in the process, leaving a terrifying sight for when mum and dad return.
A recent study into home insurance has shown that this kind of instance has cost over 17 million per year in damages to homes and contents. Nearly 8.6 percent of these parties are carried out without parents’ permission or presence and with these parties being invited to all and sundry there is an even more worrying prospect.
If this kind of event were to take place and got out of hand then some insurers would be apprehensive about paying up due to the homeowner failing to take necessary caution and care, resulting in no insurance payout.
One such instance was last year when 200 teenagers in County Durham found out about a house party via Myspace and managed to rack up over 20,000 worth of damages in one night. Parents have been urged to make it clear to their children that they should be wary of who they invite to parties held in the home and not broadcast it on websites which may not be so discrete with details as it could mean that their house insurance policy becomes null and void leaving them to pick up the bill.
