Hotels

jemelton

Guru
100+ Post Club
758
Have a hotel risk I am working on. What is unique with this class or who is competitive with this class? This is a 80 room major chain hotel. Thanks in advance.
 
I'm not sure if this answers your question, but I have seen Harleysville, Selective, Guard & Donegal all be competitive on these risks. I'm not a big commercial guy at all, but from my experience there tends to be a bunch of companies that write them..
 
In my experience, underwriting hotels focuses on a few additional things:

Strong financials
Healthy occupancy rates
Experience/tenure of the owners


If there's a restaurant/Bar on premises, that will be looked at closely as well, as if it were any other restaurant you were writing. Unless it's a leased operation, it will have to meet the carriers underwriting standards for that class too. If it is leased out, you might catch a break with a carrier but you'll probably need proof of the coverage the bar owner has in place.

Most carriers have a Hotel questionnaire that will walk you through their additional questions.

Good Luck!
 

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