Why this review matters
A hotel renewal is easier to evaluate when the submission reflects the current operation rather than last year’s assumptions. Occupancy, amenities, renovations, valuations, management structure, and loss-control practices can all change the risk picture.
Information to prepare
- Current building, contents, and equipment values
- Trailing revenue, occupancy, and payroll information
- Five years of currently valued loss runs when available
- Updates to pools, restaurants, shuttles, fitness areas, and event spaces
- Renovation schedules, franchise requirements, and business-continuity plans
Decisions to discuss
- Whether replacement-cost estimates reflect present construction costs
- How long the property could take to repair or rebuild
- Which guest services create separate liability or auto exposures
- Whether cyber, employment practices, crime, and umbrella limits align with the operation
Common pitfalls
- Reusing outdated property values
- Leaving independent restaurants or operators out of the review
- Underestimating extended business interruption
- Assuming every water or flood loss is covered by the property policy
Frequently asked questions
Why is business income important for hotels?
A covered property loss can reduce or stop room revenue while fixed expenses continue. The amount and restoration period should reflect a realistic recovery timeline.
Should hotel amenities be listed?
Yes. Pools, spas, shuttles, restaurants, bars, event spaces, and other amenities can materially affect coverage needs and underwriting.
Coverage descriptions are general. Availability, eligibility, limits, exclusions, and policy terms vary. Review actual policy documents and requirements with an appropriate insurance professional.