It replaces lost room and food revenue, less non-continuing expenses, during the period of restoration. Watch three things: the named storm deductible expressed as a percentage of insured value, the waiting period before coverage starts, and whether civil authority and ingress-egress shutdowns are included.
Related FAQs
Property address and room count, construction and roof age, sprinkler and alarm details, statement of values, room and food and beverage revenue, payroll by department, amenity list including pool, spa, ...
Common exclusions or sublimits include flood, mold, wear and tear and deferred maintenance, employment claims, cyber events, assault and battery, and habitability or bed bug allegations. Several of these can ...
Both are quotable, but the terms depend on controls: posted depth and no-diving signage, gates and self-latching doors, no diving boards or slides, documented driver checks, and passenger capacity limits. ...
Usually still yes. A claimant typically names the hotel along with the tenant or caterer. Require the operator to carry liquor liability and name you as additional insured, and keep ...