🏡 Avoiding Underinsurance in Your Guest House Cover 

Underinsurance is a costly mistake many guest house owners only discover when it’s too late. At Hodgson Insurance Solutions, we help you get the right cover by reviewing what’s included, and what isn’t. 

We’ve put together some key tips to getting your guest house insurance right: 

🔨 Regularly review your policy, especially before making major changes like renovations or extensions. These may not be covered automatically, but options are available. 

🏗  Know your ‘rebuild’ cost, not your market value. We partner with trusted providers who can help you accurately calculate the cost of rebuilding your guest house. 

📦 It’s not just your buildings! Your contents may also be underinsured. Create a list of your belongings, their value, and keep receipts or photos. This helps ensure your contents cover is accurate and supports any claims. 

👀 See how much cover you have for ‘Business Interruption’. This covers loss of income, for example, you can’t rent out rooms for 3 months after a burst pipe causing water damage. You should cover yourself for the maximum length of time you could be without an income after an insured event. Some policies have no cover, some cover you up to 12 months. We recommend a minimum of 24 months cover.

📊 Compare your coverage to reality. After reviewing your rebuild cost and guest house  contents value, check that your policy limits are enough. If not, it’s time to update or switch. 

🤝 Talk to your broker. Once you’ve reviewed your needs, we’ll guide you through any updates to keep you properly protected. 

👉 At Hodgson Insurance Solutions, we talk you through the steps above to ensure your cover is right for you. Whether you’re in the Southwest or anywhere in the UK, nearly 50 years as an independent broker means we know our stuff and can advise accordingly. 

📍 Find out more, call us today on 01288 353999 to see how we can support you.