What is Bed and breakfast Buildings insurance?
Bed and breakfast buildings insurance covers the cost of repairing or rebuilding your bed and breakfast if damaged or destroyed. Most bed and breakfast mortgage providers will require you to you take out an appropriate insurance policy before they give you a loan, so it makes sense to do your research in advance.
What can be covered by bed and breakfast building insurance?
The right bed and breakfast building insurance policy will cover you for a range of eventualities that might lead to damage to your bed and breakfast property, such as:
- burst pipes
- falling trees
- fire and smoke damage
- damage due to riots or other human causes
- storm damage
- theft from the building itself i.e. roof slates
- Accidental damage
- Loss of income if you have to temporarily close the B&B due to floods, fire or other damage to the building
What is not covered by bed and breakfast buildings insurance?
Most bed and breakfast building insurance policies will not cover you for a few specific eventualities such as general wear and tear on the building such as might be expected over the course of time. You will also not usually be covered for damage to the building due to war or terrorism. If you want to cover the contents of your B&B you will usually need a separate policy – some bed and breakfast insurers will offer discounts on contents and buildings insurance purchased together.