What is hotel
Hotel buildings insurance covers the cost of repairing or
rebuilding your hotel if damaged or destroyed. A good hotel building insurance policy will
cover you for many scenarios that might lead to damage to your commercial
property or its contents, such as:
- burst pipes
- falling trees
- fire and smoke damage
- damage due to riots or other
- storm damage
- theft from the building itself
i.e. roof slates
- Accidental damage cover
What is not covered
by hotel buildings insurance?
Most hotel 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.
I own the hotel
outright – do I still need hotel building insurance?
Even if you own your hotel premises outright you should
still take out comprehensive hotel buildings insurance to protect you against
the potential costs of repairs or reconstruction of your hotel.
How much should I
insure my hotel for?
You should make sure that you insure your hotel against the
potential cost of rebuilding it – not the amount you bought it for.