Tis the season for holiday parties! However, if you’re hosting, you should be cautious of hazards that can arise that will give your shindig a serious buzzkill-and possible insurance premium hikes. Here are some of the more common insurance issues that any good host should be aware of…
Distracted Cooking. According to the National Fire Protection Association, cooking is the leading cause of home fires, and the holidays are the peak season for them. Additionally, Travelers Insurance reports that home fires increased by 12% from Christmas to New Year’s Eve compared to a typical week. This holiday season be careful of multi-tasking to the point of forgetting about safety procedures.
Holiday dinner fail? Well, home insurance generally covers structural damage, and both home and rental insurance cover damage to belongings and living expenses (if the home is uninhabitable while being repaired).
Overserved Guests. It’s the holidays and there’s a good chance there will be alcohol going at your event. However, you should be careful with how much you serve. If a guest overindulges in alcohol at your house, drives, and causes an accident, you could face consequences.
Home insurance typically includes liquor liability coverage which would cover your legal costs up to the policy limits (typically $100,000 to $300,000) if an accident victim sued you. Laws and policies do vary, so make sure to check your policy limits, conditions, and exclusions.
Food Poisoning. It really is every host’s worst nightmare… If your guests get sick after eating at your home, their trip to the ER can rack up expenses fast. You could be held responsible for medical payments, pain and suffering, or other costs associated with food poisoning.
The medical payments coverage under home or renters insurance will pay for guests’ medical expenses up to the policy’s limits (typically between $1,000 to $5,000). In addition, home and rental insurance policies also include liability coverage (typically $100,000 per incident) which would pay for your defense costs should you be sued.
Home Hazards. Any good host should be aware of potential home hazards that could lead to injury prior to your party. This could be anything from an icy front porch to an easy-to-miss step. Unfortunately, injuries are all too common this time of year especially when there is alcohol involved.
As a homeowner, you may be held liable for an injury to a guest that occurred in your home. Should this happen, your home insurance would likely pay for medical expenses, damages, and even pay for lost wages. But our Tampa insurance agents stress the importance of understanding your specific policy coverage.
Before you host that holiday party, make sure you are properly covered with home or renters insurance. For more information or quote, please contact Seibert Insurance Agency in Tampa, FL today! Our independent agents will review your homeowners or renter’s insurance policies with you, so you know what coverage you have before an accident occurs at your holiday party!