Breakfast Diva
Well-known member
- Joined
- May 27, 2009
- Messages
- 5,911
- Reaction score
- 29
One of my duties for an organization I'm in is to inspect new member's b&b. Yesterday I did an inspection of a very lovely 2 room b&b that has a new owner, purchased 8 months ago. The owner is running into a major stumbling block. She can't get b&b insurance! The previous owners thought incorrectly that their home owner's insurance would cover. WRONG! If you don't have commercial insurance, you will not be covered if something happens. The new owner has home owner's insurance and had no idea there was a problem.
Now the owner is attempting to purchase b&b insurance and no one will cover her. They say it's because both she and the property has no history and they want 2 years b&b experience.
So if you are thinking of starting your own b&b (legally) or are purchasing an existing one, make sure you investigate this insurance dilemma before you start.
My association is doing all we can to give leads to this new owner, but it's going to be tough and VERY expensive.
Now the owner is attempting to purchase b&b insurance and no one will cover her. They say it's because both she and the property has no history and they want 2 years b&b experience.
So if you are thinking of starting your own b&b (legally) or are purchasing an existing one, make sure you investigate this insurance dilemma before you start.
My association is doing all we can to give leads to this new owner, but it's going to be tough and VERY expensive.