Bed & Breakfast

The Bed & Breakfast package is a new policy specifically designed for this growing segment of the hospitality industry.  Most policies sold today are modified homeowners, and as such do not provide the proper commercial property extensions nor necessary liability as provided by innkeepers.

Totten Insurance Group's program is available across Canada.

Coverages

Property
  • Broad Form Homeowners including Replacement Cost
    • Business Interruption - $10,000 Actual Loss Sustained
    • Extension Endorsement
      • Accounts Receivable - Limit $2,500
      • Exhibition Floater - Limit $2,500
      • Professional Fees - Limit $2,500
      • Outdoor Signs - Limit $2,500

Liability

  • Comprehensive Personal - $1,000,000
  • Innkeepers - $500 per guest/$2,500 per occurrence


Optional Coverages

  • Scheduled Antiques and Fine Arts
  • Increased Liability to $2,000,000
  • Personal Computer Endorsement
  • Equipment Breakdown


Underwriting Considerations

  • Up to 10 rooms rented - owner lives onsite
  • Risks over 40 years old must have updated services
  • Insured to 100% of replacement cost
  • Located in residential (not commercial) neighborhood
  • First-class physical condition
  • No more than two mortgages on property
  • No liquor license
  • No farm properties
  • Smoke detectors on each floor
  • Fully-completed application
  • Photos -front and back of building

 

For new submissions, please contact us toll-free at 1-888-868-8367, or email personallines@tottengroup.com