HOTEL INSURANCE

In the modern economic environment, it is important to ensure the smooth operation of every hotel unit under any circumstances. The Hotel Insurance Program provides comprehensive protection to address any risks that may threaten a hotel, whether it is unforeseen damage to the property or customer claims that may arise and would have unpleasant financial consequences for the viability and reputation of the business. Hotel Insurance is specifically designed for hotel owners, and it is a complete insurance package which combines property and liability coverage.

What is a Hotel Insurance Package?

It is a multi-insurance policy for hotels and tourist complexes. The basic part in this multi-insurance is property coverage that covers material damage to the building, furniture, machinery, equipment and stock of the hotel. Additionally, the business owner can  add nine more important insurance coverages for hotel units.

What is insured?

The Hotel Insurance provides coverage for the building and the contents for loss or damage against all risks (All Risk Cover). Basically, whatever is not excluded is covered.  Indicatively below are the main coverages:

• Fire
• Lightning
• Explosion
• Strike, riots and political unrest
• Malicious damage
• Earthquake or volcanic eruption
• Explosion, or overflow of water or fuel tank or water pipe
• Fall of an aircraft or other flying device
• Theft or attempted theft accompanied by violent entry or exit
• Collision in buildings
• Thunderstorm, cyclone, hurricane, gale
• Flooding or overflow of the sea
• Fall of trees or branches
• Smoke
• Location and access of water leak
• Damage by fire brigade to gardens
• Short circuit