The last article I wrote covered why one would need commercial insurance when using your personal car to make money delivering people or things. This subject I feel fits right in there, with the same type of thinking and popularity.
If you want to know if your home owners coverage will cover this sort of activity, the answer is almost certainly No. If you guessed "NO" was the answer based on the last blog article, you are getting the hang of this. The reason is much the same, insurance companies understand that having more people passing through your home presents more opportunities for claims. These claims could be from falls, thefts, dog bites, electrocution and fires, among other possible hazards.
So, while your homeowners insurance may not be the way to go with a B&B you can relax because there are commercial policies which are created specifically for this use.
If you want to know if your home owners coverage will cover this sort of activity, the answer is almost certainly No. If you guessed "NO" was the answer based on the last blog article, you are getting the hang of this. The reason is much the same, insurance companies understand that having more people passing through your home presents more opportunities for claims. These claims could be from falls, thefts, dog bites, electrocution and fires, among other possible hazards.
So, while your homeowners insurance may not be the way to go with a B&B you can relax because there are commercial policies which are created specifically for this use.
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