If you are planning on opening a Guesthouse / B&B, this section will be of valuable interest to you in assisting you to ensure the correct guesthouse insurance is in place.
Incompass offers a specialized package in the form of Guest House Insurance.
The correct liability cover is imperative for anyone who provides accommodation for foreign tourists.
Most Guest House Owners are incorrectly insured and rely on the validity of a disclaimer form (a signed statement by the guests to state that they will not hold the Guest House responsible should anything happen) as opposed to taking out the correct liability cover.
The insured would generally have a domestic policy that includes Personal Legal Liability, covering the insured in their personal capacity (should a friend injure themselves on their property and hold them responsible), but not when the insured derives an income from the premises (accommodating paying guests).
Incompass works with two of the biggest Guest House Insurers in South Africa. Both of which include Public Liability that is worded to cover the paying guest. Both Insurers have removed the forcible or violent entry requirement for theft cover. In other words, the insured does not need to prove that someone broke in (in the case of theft). Therefore, theft by guests would be an insured peril, as well as theft of the guests effects.
This is a very competitive market in the insurance industry at the moment, Guest House rates are currently far lower than domestic rates. In other words, should you own a Guest House, it would be more beneficial as well as cost effective for you to insure the Guest House with a Guest House Insurer as opposed to a Domestic Insurer.
Furthermore, if the insured is a member of a tourism affiliated body they could receive up to 15% discount on their premium.
Contact us if you would like to learn more about Guest House Insurance South Africa.
At Incompass Financial Services we believe that quality service starts from your very point of contact with us. To this end we endeavour to answer all enquiries and e-mails within 24 hours.
In the event your enquiry is of an urgent nature please feel free to telephone us.
“We look forward to being of assistance to you with your Guest House Insurance South Africa.”
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