Dinner party trend fuels need for home insurance
03 February 2010 08:47:40
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| Drink-fuelled parties could lead to home insurance claims. |
However, the trend may not be that cost-effective unless householders have adequate home insurance, an expert has warned.
According to insurer Swinton, the rising popularity of dinner parties may be behind a recent rise in home insurance claims.
Research by the company found that 67% of homeowners had held a dinner party during the previous six months which had resulted in something being damaged.
Nearly 30% of respondents had submitted a home insurance claim for damage to furnishings or electrical equipment, with red wine on carpets, cigarette burns on sofas and scratched tables all featuring on claim forms.
Steve Chelton, insurance development manager at Swinton, observed: "The majority of people have contents insurance for their homes, but they should still be extra vigilant when holding dinner parties, especially when alcohol is concerned.
"Claiming for damage to items following drunken mishaps can cause contents insurance premiums to rise steeply, result in loss of no claims bonuses, and most policies will have an excess to pay."
Insurers have noticed an increase in claims over recent weeks, largely as a result of burst pipes during the freezing weather over Christmas and new year.
Halifax Home Insurance revealed that one-sixth of home insurance claims received during the last week of December and the first week of January were for burst pipes.
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