But did you hide your jewelry? Or stash your bank statements?
"They're not paranoid," said Chubb spokesman Mark Schussel. "It is smart."
What's surprising is that more hosts don't take these precautions, he said.
We let our guard down during the holiday rush, Schussel said. We open our homes to strangers, either guests or perhaps hired help for the party, then leave valuables around that could be pocketed or broken. We forget to remove ice from the steps or other hazards that could injure partygoers. And we may not realize that we could be liable for the boorish or drunken behavior of guests.
This is not a Grinch-like recommendation not to throw a party. But it can't hurt to take a few steps to reduce the risk of party perils.
Ask Jeneba Ghatt.
The Chevy Chase, Md., lawyer and her husband used to throw big parties open to friends and friends of friends. "We learned our lesson" after a 2004 summer bash, Ghatt said.
Ghatt said a woman she didn't know attended the party as a guest of someone else. The woman called the next day to say she slipped on the stairs while leaving, twisted both ankles and couldn't work, Ghatt said.
The woman filed a claim against Ghatt's homeowner's policy. Ghatt said she had some loose bricks in her steps, but doubts the woman's claim. The insurer settled.
But Ghatt's problems didn't end there. She and her husband had made a claim earlier that year for a broken pipe, so they had two strikes against them. The insurer dropped the couple when it came time to renew their policy.
Their next insurer charged an annual premium of $2,400, more than three times what the couple paid previously. Ghatt said they are considered high-risk for three years, and their premiums remain high.
"It's three years of punishing me," she said.
So, before throwing a holiday party, consider these precautions:
-- Party-proof your house.
Lock up expensive jewelry and other valuables. Your homeowner's policy will cover you for theft, usually up to $2,500 when it comes to jewelry. If your baubles are worth much more, take out additional coverage.
A homeowner's policy generally doesn't cover accidental breakage. So don't leave that heirloom vase out in the open where someone can knock it over.
-- Put away papers.