This year, millions of Brits are intending to avoid the usual queues, chaos and cold weather associated with seeing in the New Year by hosting their own parties at home.

But research by leading insurance price comparison website comparethemarket.com has shown that almost three quarters of Brits are mistakenly assuming that any damages incurred to their home during the revelry will automatically be covered by their home insurance provider.

Whether it's the broken wine glasses from an overenthusiastic toast, flailing limbs damaging ornaments or cigarette burns on the upholstery, the average New Year's Eve house party is a minefield of potentially expensive accidents waiting to happen.

Mark Vile, spokesperson for comparethemarket.com says, "Most of us hope New Year's Eve will be magical and memorable. But if you're hosting a party at home, there's a real danger that it may be accompanied by a substantial repair bill. By not checking whether or not your home insurance provider covers you for accidental damages such as wine spillages or broken windows you may be starting the New Year at best with a headache, or at worst with significant debt."

For maximum merriment this New Years Eve, comparethemarket.com is advising revellers to check what cover is offered by their current home insurance provider. If they find it's not up to scratch, using a price comparison website such as comparethemarket.com will help them find the most suitable policy from a range of well-known providers, at a competitive price. With comparethemarket.com there are no hidden extras - the price you see is actually the price you pay, which keeps costs as low as possible - leaving you with more to spend on the things you want.

An additional top tip from comparethemarket.com is to check whether your home insurance policy offers Home Assistance, a year-round service to find emergency contractors and services fast, should the party go with too much of a swing!

For more information visit www.comparethemarket.com.