Daily Insurance Industry News
 
 
Daily Insurance Industry News
Tuesday 16th of September 2014
June 29, 2009

Greenbee sees rise of house-proud CHAPS

by Richard Kilner

Story link: Greenbee sees rise of house-proud CHAPS

Greenbee Home Insurance has conducted a survey of over 2,000 adults and discovered that over a fifth (23%) of 18-24 year olds are wary of hosting parties at home in case of accidental damage.

The figure is threefold that of those aged 65 and older, of whom only 8% share the concern of potential party damage, and over twice the proportion (10%) of 55-64 year olds anxious about damage.

The young adults, dubbed CHAPS (Cautious Hosts Against Party Stress), are bucking the stereotypical view that many hold of them, but are not the only segment of society concerned by the potential financial costs of hosting parties.

Across the board 14% do not enjoy hosting parties due to the possibility of damage occurring.

The research also reveals that one of the reasons for the rise of the CHAPS is that the current economic difficulties mean that the cost of replacing damaged goods is particularly unwanted at this time.

There is also a significant gap between those who are covered by the insurer as standard (13%) and those who believe they are (23%).

Greenbee.com’s MD, James Furse, advises homeowners to check their insurance policies to clarify whether or not they are covered.

 

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