Parents and homeowners beware: If you have a teenager at home, make sure there’s no partying when you are away! There’s an incident in the U.S. where a teenager had a house party. As expected, after the party the house was a total wreck. The cost for clearing and renovating reached thousands of dollars. But the worst part of it is, the insurers refused to pay for the damage because they asserted that it wasn’t included in the home insurance coverage.

The moral lesson: check out the coverages of our insurance policy and make sure all your possible needs are addressed. Also, tell your teenagers, ‘no Myspace parties at OUR house!’