Money Fix: Preventing holiday hazards

The holidays can be full of merriment, but also mishaps that cost money. Be aware of hidden holiday hazards.

You can be liable if your party guests get looped and kill or injure themselves or others on their way home. You could also be liable for underage drinking in your home. Check your homeowner's coverage for exclusions, conditions or limitations. You can limit trouble by offering your couch for the night or cabs for those who had one too many. Serve plenty of food, and limit alcohol.