You cannot use regular home insurance. You have to get insurance for a B&B business. If you use home insurance you'll risk losing your home.
RIki.
Is it a lot more than regular house insurance?egoodell said:You cannot use regular home insurance. You have to get insurance for a B&B business. If you use home insurance you'll risk losing your home.
RIki
You cannot use regular home insurance. You have to get insurance for a B&B business. If you use home insurance you'll risk losing your home.
RIki.Is it a lot more than regular house insurance?egoodell said:You cannot use regular home insurance. You have to get insurance for a B&B business. If you use home insurance you'll risk losing your home.
RIki
.
I don't know your situation and am not an insurance broker. I suggest you check wtih Markel - that's who we use. Sounds to me like you need to attend an "Aspiring Innkeepers" class or contact your state B&B Association.Olga said:Is it a lot more than regular house insurance?egoodell said:You cannot use regular home insurance. You have to get insurance for a B&B business. If you use home insurance you'll risk losing your home.
RIki
Yes, it is likely to be more than homeowners insurance. You also need to check with zoning regulations in your town in order to see if opening even a 1 room B&B is allowed. Local health departments will also have rules about what might be required in your kitchen. For instance, I have to have a separate handwashing sink and there are temperature requirements about how hot my dishwasher has to get the water. I also had to get a food handler's certification.You cannot use regular home insurance. You have to get insurance for a B&B business. If you use home insurance you'll risk losing your home.
RIki.Is it a lot more than regular house insurance?egoodell said:You cannot use regular home insurance. You have to get insurance for a B&B business. If you use home insurance you'll risk losing your home.
RIki
.
I think you need to take an aspring innkeeper class and get some facts. Most home insurances will not cover B & B's you will need commercial insurance. And it alll depends on who you get insurance with. The questions you are asking here lately seems to me you need to be reading at least a book on innkeeping or looking through and reading some of the past posts via search..
Just thought I'd ask some basic questions while I'm trying to decide on what direction I should go.catlady said:I think you need to take an aspring innkeeper class and get some facts. Most home insurances will not cover B & B's you will need commercial insurance. And it alll depends on who you get insurance with. The questions you are asking here lately seems to me you need to be reading at least a book on innkeeping or looking through and reading some of the past posts via search.
I'm in the UK and our B&B insurance is only a little more than home insurance. We have a package that includes building, contents and public liability.I think you need to take an aspring innkeeper class and get some facts. Most home insurances will not cover B & B's you will need commercial insurance. And it alll depends on who you get insurance with. The questions you are asking here lately seems to me you need to be reading at least a book on innkeeping or looking through and reading some of the past posts via search..Just thought I'd ask some basic questions while I'm trying to decide on what direction I should go.catlady said:I think you need to take an aspring innkeeper class and get some facts. Most home insurances will not cover B & B's you will need commercial insurance. And it alll depends on who you get insurance with. The questions you are asking here lately seems to me you need to be reading at least a book on innkeeping or looking through and reading some of the past posts via search.
Thanks
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I just re-read your question. My utility bills all increased. I added a biz checking and savings accounts, and started collecting tax, so my paperwork increased. My laundry became a mountain. My cleaning unending.Olga said:When you open a bed and breakfast, is your house insurance increased? If so, what else is increased?
Thank you so much for your feedback.Yes, you need biz insurance, and yes, it costs more, but it covers a lot more, too.
What you need depends on your location. In my town one or two rooms comes under "home occupation" and is acceptable without a zoning variance or much else for that matter. I still have to charge taxes and all that, though.
=)
Kk..
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