What is hotel real estate insurance

Hotel real estate insurance in post -Soviet countries is still not perceived as a fairly solid market segment. In the same way as the hotel industry as a whole is not able to boast of a very high level of its development. Everything is completely different in those countries (for example, tourist places), where the hotel business is almost the main person of the country. The risks that hotel owners carry are calculated by many millions of dollars, and their insurance is very important and necessary, so not all underwriters can do such a task. Hotel insurance has its own specifics. They can be insured on a safety policy from all risks, in this situation the building itself and all its contents from all risks are covered, with the exception of those that are stipulated by the contract. But you can insure the hotel for a specialized product, which in Europe is called complex hotel risk insurance, or Hotels Comprehece InSuraance Policy. The emergence of a separate product, first of all, is due to the fact that a modern hotel is not only a building, this is a real enterprise, even if it is the building and all its property remain the main objects of insurance. Moreover, in the property section, most often, certain restrictions on some risks are distinguished. For example, at the risk of an earthquake, bay, fire, theft and so on. Separately distinguishes the restrictions on the glass fight. Special franchises are also used to all named. The liability section of such an insurance product also has some features. As a rule, the hotel’s responsibility for bodily injuries is covered, which can be caused to guests, both in the hotel and at the hotel during the rest or during the excursion, which was organized by the hotel. The volume of coating for bodily harm can be quite extensive and depends mainly on the fantasy of the organizers. The programs include ATVs, jeep-spari, buggy-spari, balloon flights and other outdoor activities. Separately covered food poisoning. Certain restrictions on the face and events correspond to each risk. In general, already on the basis of this information, we can conclude that hotel and hotel business insurance as a whole is a very important part of the work that simply cannot be neglected.