Money Questions and Answers

What You Need To Know About Parties And Your Homeowners Insurance Policy

What you need to know about house parties

You may need house party insurance when you're the host.

Your house parties can be extremely fun events. You get to have a bunch of friends over, chat about old times, maybe you have a band, and you do some dancing! However, whenever you have events at your home, you open yourself up to more liability. It can come in many forms, but you need to make sure that you protect yourself from liability.

House Parties Increase Your Liability

By having guests in your home, you expose yourself to liability. This can come in many forms. For example, someone could slip and fall and injure themselves at your home. If you have catering, someone could get food poisoning. Finally, if alcohol is served, you could be liable for injuries even if someone gets injured on their way home because they were driving drunk.

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How big does a party have to be to get excluded from you home insurance coverage? Or, what other factors determine your home insurance coverage?

There are limits to what is covered by your homeowner’s insurance policy, and house parties can quickly overwhelm your liability coverage if you are not careful. House party insurance is something that many party givers often forget. But, forgetting to ensure that a party is adequately covered can be disastrous for your finances.

When You May Need House Party Insurance

You may need house party insurance when you're the host. If a child gets hurt in a rented inflatable bounce house or a guest slips next to your pool during a party that you are hosting at your home, you may not be as covered by your homeowner’s insurance as you think you are. There are limits like all insurance as to what your policy covers, and typically events like a house party are not one of the covered items in your home insurance. You may need a special event or umbrella insurance policy to be adequately protected.