Facebook Party Invites Could Leave Homeowners With Halloween Financial Fright

With Halloween on the horizon, parents could find that their little devils could spook out their finances.

Such is the assertion of Sainsburys Home Insurance, which reports that this October 31st is likely to see a significant number of young people throw a party in their parents home without permission. This was attributed to the fact Halloween falls on a Friday this year, in addition to the increasing use of social networking websites - such as Facebook and Bebo - by children to send out invitations to parties to their friends. However, the financial services firm points out should their children throw a party then in the event of their property being damaged parents may not be fully covered by their home insurance policy.

Those homeowners whose attempt to make a claim has been rejected may find that they have to dip into their own pockets in order to meet the cost of repairing their property. This could have an impact upon their ability to manage other areas of financial demands such as personal loan repayments, credit and store cards and utility bills.

Indeed, the expense of getting their home back in shape following a Halloween horror could be substantial after the firm reported that 17,000 parents claim that repairing the damage done to their home in the past five years has set them back between 1,000 and 5,000 pounds. Overall, it was claimed that some 16.8 million pounds in damage is caused each year to parents homes following a party held by their children, while 38 per cent of such get-togethers result in something inside a home being broken. However the firm stated that as Halloween is rapidly overtaking Guy Fawkes Night as the largest celebration of autumn, a particularly high amount of damage could be caused this weekend.

Neil Laird, home insurance manager for Sainsburys, said: “Halloween has grown hugely popular in recent years and wed expect some serious parties this Friday night. The worry, though, is that with many people now posting invites on social networking sites, these parties can easily get out of hand - and if they do - some insurers may claim the homeowner failed to take due care of the property and could refuse to pay up. At Halloween, the risks of not knowing exactly whos at your party are even greater than usual - for obvious reasons - and wed strongly advise people, particularly teenagers, against openly advertising fancy dress parties on social networking sites.”

Those concerned about arriving to their property on All Saints Day to find it has been the victim of Halloween horror might wish to consider getting a home loan. By taking out such a loan borrowers may be able to quickly make amends for the damage caused by their own little monsters. Applying for a cheap loan for the purposes of repairing a property could also be recommended after esure recently advised consumers to batten down the hatches as the nation is set to be hit by heavy storms in the months to come.

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