Parties costing home owners millions

Partying children are costing parents millions of pounds in damages across the country, it has been found.

Recent research into the costs or repairing damaged goods after teenagers have held parties has found that parents are collectively shelling out £17 million each year to clear up the damage.

Most teenagers (91.4 per cent) organise parties under the supervision of parents, or at least on their authority, but the remaining 8.6 per cent that hold parties without permission are the cause of £1.4 million worth of damage.

But it is stressed that parents check their home insurance before allowing their children to have a large party, as if things are too rowdy, their home contents insurance may refuse to cover the claim.

"When such events get out of hand some insurers may suggest that the homeowner failed to take due care of the property and could refuse to pay up," said one insurance analyst.

August 28^th 2008

• Bicycle theft figures demonstrate need for home insurance
• Brits giving up on home ownership dream
• Parents unclear on insurance for uni children's possessions
• Students take £6,000 worth of kit to university
• Kids causing £230 million worth of damage per year
• Negligent Britons wide open to identity theft
• Over-50s most prudent in home evacuation situation
• Budgetary factors 'need to be taken into consideration' by students
• Brits suffering from gadget nostalgia
• Insurer warns of summer wedding implications