Posted on

Why Do I Need Hotel Insurance

Article by Kathryn Dawson









Hotel insurance and guest house insurance usually offer the same type of coverage, although not always to the same full extent. The key points are the same as required under most business insurance policies, although the wording and limitations will usually vary according to the type of business and the industry in which your business operates. All businesses require an insurance policy that will cover buildings and contents, liability, both public liability and employers liability, and a ‘business interruption’ element to the policy.

The most common purchasers of a hotel insurance policy include businesses such as hotels, motels, and hostels, and bed and breakfast or guest house operations.

As mentioned above, the three key features of a hotel insurance policy are:

Buildings and contents insurance to protect your business in the event of fire, flooding, theft, break-in and resulting damages.

Public and employers liability in case of injury to employees or third parties whilst on your property.

Business interruption, a general term covering incidents that cause loss of income, such as electricity failure or gas leak, fire or flood damage, or injury, illness, or death of owners. This last element will help ensure that even in worst case scenarios, your business can still operate effectively, whereas otherwise there may be cause to shut down.

There are, however, a few key differences with the coverage allowances with hotel insurance as opposed to many general business insurance policies with these same features. For example, a hotel insurance policy may include coverage for damages such as a broken window, fixtures and fittings, landscaped garden property, and hotel frontages including signs and external blinds. As these are all elements that may hold a significant impact on business operation with regard to reputation, it is important that the upkeep of such items be maintained, and damages repaired promptly.

Other specific benefits that may be associated with a hotel insurance policy include coverage for loss of metered water; theft of keys, to include having the locks changed to prevent unauthorised access; loss of money both in and out of business hours and from sources such as vending or gaming machines as applicable; and loss or damage to outside equipment, such as outdoor lighting or heating appliances and picnic tables or other outdoor seating arrangement.

There may also be the opportunity to increase coverage of loss of stock during the primary season, an increase in coverage of both public liability and employers liability in particular for situations of outdoor catering. This additional coverage will also include protection against damage to your equipment, and to property of both guests and employees.

You should also ensure that your hotel insurance policy will cover loss or damage to the personal effects of your guests. It is also possible to select a hotel of guest house insurance policy that includes the receipt of equivalent rental or tenancy payments in the event of damages severe enough to prevent possible tenancy.

When choosing the most suitable hotel or guest house insurance policy for your particular business, examine the offerings of coverage with regard to business interruption protection within your policy duration. This will ensure that should a number of different possibilities crop up, your business can remain in operation. These include vermin and other pest issues, loss of accounts receivable (i.e. when guests don’t pay up), denial of access, all the way to notifiable illness or death, to include murder or suicide. While there may be one or two items on this list that you may not want to consider, it can be reassuring to know that the event is covered.

Comprehensive hotel insurance or guest house insurance is critical to the survival of a hospitality business, and is reassuring for the mental and emotional concerns of anyone running a business providing guest accommodation. If your business includes the provision of meals and beverages, particularly to customers who are not also purchasing nights of accommodation, you may need additional cafe insurance; check the terms of your selected insurance policy thoroughly to ensure it provides adequate coverage to meet all the requirements of your business.



About the Author

Kathryn Dawson writes articles for YesQuote, where you can find the best insurance quote and advice in the UK. YesQuote provide competitive rates and coverage for a wide range of businesses. They are well known specialists for hotel insurance, guest house insurance and cafe insurance, working only with the top A-rated insurance companies to offer products and services to any small and medium sized businesses, and are able to cater to any requirements.










Posted on

House owners need Apartment Building Insurance

Article by Scott Gonnerman









Apartment Building Insurance is needed by the house owners very much because they are very much needed by the home owners. They have a lot of facilities. For example if the house got damaged from any natural calamities or any casualty house owners will get compensation from this sort of insurance. House owners are getting the adequate privileges from them. They are very much useful for the landlords. They are supportive and helpful.

Apartment Building Insurance is needed by the landlords. They are useful to compensate the damages which are occurred by the natural calamities or any casualties. A building can get the damage by any calamity like heavy rain, storm, earthquake etc. in this circumstances a landlord should have enough monetary support to compensate the damage of his building. This sort of insurance scheme is enough to compensate the damage of the building.

There is a system in any insurance scheme. The system is to pay an insurance premium periodically say monthly, quarterly, half yearly, yearly. They are very much helpful for the time when you need money. There is a system which enables you to get the entire insurance money at a time. You will be able to compensate your loss with the received compensation. This insurange is similar with any insurance scheme. The different is the house or building gets insured over here.

Apartment Building Insurance is very much useful for the businessman also. If any business premises get damaged by any type of natural calamities like heavy rain, earthquake, storm etc. the businessman will get adequate compensation to repair the building. There is enough provision for the money of the building insurance claim. They are very much needed by the businessman. They very much helpful for the businessman because after getting a huge damage of the building the businessman does not have the enough strength to start the business once again and in this situation this kind of insurance can give them a great support.



About the Author

Scott Gonnerman is a renowned insurance and real estate expert who writes on different kinds of insurance and real estate needs of the people of California. The author provides information for different personalities like business owners, retirees, renters, homeowners, people on tight budgets, millionaires and many more. For More Information Please Visit, Apartment Building Insurance.










Posted on

Landlord property insurance: do you need it?

Article by Jason Hulott









The answer may typically be ‘yes’ to the above question whether you intend letting out a single room in your own house, a property such as a house, flats, or a holiday home.

The risks typically insured

When taking out landlord property insurance there are usually some perils and events that are typically covered, such as third party liability. However these may differ slightly between insurance providers it makes sense to check the terms.

The age of vandalism

Unfortunately we live in an age where vandalism occurs more and more frequently. Depending on the damage vandals may cause many hundreds of pounds worth of damage, if not more. This may typically be included in some buy to let insurance policies, but always check to make sure.

Nasty surprises from unruly tenants

Some providers will offer cover for malicious damage caused by tenants. However not all do, so it may pay to choose a provider of buy to let building insurance that offers this form of protection. Tenants may cause you a great deal of financial worry if you have to pay for damage such as this out of your own pocket.

Fire damage

Fire typically causes a great deal of destruction even if contained to a single room of the property. Imagine it tearing through the whole of the building. You may lose all the contents of the property and even the property itself if it is unstable. Rebuilding costs from fire may be enormous but thankfully fire damage may be included in the typical landlord property insurance.

Mother Nature’s storms

Mother Nature may often be very cruel, especially when it comes to storms. Lashing rain and gale force winds along with snow, hail and lightning storms may all cause considerable damage to properties. Therefore you may wish to check that any buy to let building insurance you are looking into, provides protection against these types of perils.

Insurance for the contents

Landlords contents insurance may also typically be an option as part of your landlord property insurance along. This means that generally if the contents are damaged due to any of the perils listed in your policy, you may be able to claim.

Taking out adequate landlord property insurance is essential when you consider how much you are going to be spending on your venture in the property business. It may also be a condition of your mortgage, so do check.



About the Author

Jason is the Webmaster of http://www.landlordpropertycover.co.uk where you can compare rates for your landlord insurance as well as take advantage of some excellent policy features.