Does Your Guest House Need Insurance?

​Homeowners insurance protects your home and personal goods from covered risks such as fire, home invasions, and weather-related damage. Additional buildings on your property, such as guesthouses, are also covered by your policy.

The additional structures coverage portion of homeowners insurance covers buildings, not parts of your primary residence, such as homestays, sheds, separate garages, and gazebos.

You'll need landlord insurance if you rent out the guest house to protect the building's structure and any personal goods that may be present. Your insurance may also be impacted if you have relatives, such as in-laws or grandparents, who reside permanently in the guest house. 

Here are some of the perks of getting Guest House Insurance:

1. Personal And Business Content
   Business contents include anything on the property that visitors might use while staying there, including bedroom furniture and accessories.
   
   You'll require personal contents insurance for your possessions if you reside on the property. Some insurers may cover your personal and commercial goods individually, while others may cover them under the same provision.
   
   
2. Public And Business Insurance
   Your B&B could face legal action if a visitor trips over a rug, slips inside the bathroom and breaks their wrist, or accidentally drops a hot tea drink on them. Liability insurance is a crucial component of guest house insurance and often provides coverage from £1 million to £5 million as standard.
   
   If you own an inn, you'll need building insurance to protect it against damage from calamities like fire, storms, flooding, and subsidence. It encompasses the structural components of your property and enduring features like your kitchen and bathrooms.
   
   
3. It Might Be Necessary
   You are legally obligated to get this insurance if you hire someone on your property, such as a cook or a cleaning. It offers you defense against worker injuries.
   
   You may be protected up to the maximum amount allowed by your policy if any of your visitors' personal belongings, including bags or laptops, are misplaced or broken while they are staying at your bed and breakfast.
   
   This protects you from claims made by visitors who become ill due to faulty goods or meals you serve.

Conclusion
There are many ways to acquire your guest house insurance correctly. Hopefully, this article has given a good enough reason to convince you to get one.

At Cornerstone Insurance Agency, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get insurance that fits your needs. You can get more information about our products and services by calling our agency at (888) 661-8831. Get your free quote today by CLICKING HERE. Topics and coverage discussed in this article are not guaranteed, consult with your agents to determine what your policy does and does not cover. We are more than happy to help!