There are many policy options available when seeking motel insurance in Tennessee. Your business is unique and needs a customized plan. As a result, you can better protect your establishment from risks and hazards. The amount of coverage you need is determined by the factors mentioned below. If you don’t take them into account, you may end up under-insured and vulnerable to unexpected financial losses.
The Building Type
Your building is your biggest asset. Therefore, a property policy is essential for protecting your investment. It covers everything ranging from kitchens and bathrooms to pools and boundary walls. When assessing your coverage needs for motel insurance in Tennessee, the insurer considers the size, age and market value of the structure.
Scope of Your Business
You need a public liability plan because it protects you against third-party claims and lawsuits. For example, if a guest slips and falls on your premises, you can be held liable. For this type of motel insurance in Tennessee, the agent writes a policy based on factors, such as the amenities offered, staff size, number of rooms and the types of events you host.
No two businesses are alike. Therefore, when it comes to buying motel insurance in Tennessee, you need a policy that accommodate your specific risk and needs.